§ 23-17-17-11 — Rights, claims, proceedings, and limitations not affected by amendment to articles or by change of corporate name

Indiana § 23-17-17-11

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 17: NONPROFIT CORPORATIONS
• Ch. 17: Amendment of Articles of Incorporation

Text

(a) An amendment to articles of
incorporation does not affect the following:
(1) A proceeding to which the corporation is a party in a cause of
action existing against or in favor of the corporation.
(2) A requirement or limitation imposed upon the corporation or
any property held by the corporation by virtue of any trust upon
which the property is held by the corporation.
(3) The existing rights of persons other than members of the
corporation.
(b) An amendment changing a corporation's name does not abate a
proceeding brought by or against the corporation in the corporation's
former name.

Legislative History

As added by P.L.179-1991, SEC.1.