§ 8-4-14-8 — Savings provisions

No rights, privileges, or immunities vested or
accrued by or under Acts 1865, c.20, as amended, which was repealed
by Acts 1945, c.202, s.8, shall be impaired or eliminated by reason of
such repeal, nor shall such repeal affect any suits pending, rights of
action conferred, or duties, restrictions, liabilities, or penalties imposed
or required by or under Acts 1865, c.20, as amended, upon or of any
corporation created or subject to Acts 1865, c.20, as amended, before
March 6, 1945, it being understood that with respect to any corporation
formed before March 6, 1945, the rights, powers, or duties given or
imposed by Acts 1865, c.20, as amended, which was repealed by Acts
1945, c.202, s.8, may be exercised or enforced after March 6, 1945, as
though such repeal had not been enacted, whether or not such right,
power, or duty has before March 6, 1945, been exercised or imposed
upon such corporation.
Formerly: Acts 1945, c.202, s.9. As amended by P.L.62-1984,
SEC.70.