North Dakota § 10-33-17 Effect of amendment

North Dakota Statutes

§ 10-33-17 — Effect of amendment

North Dakota·Title 10 Corporations·Ch. 10-33 Nonprofit Corporations

1.An amendment does not affect an existing cause of action in favor of or against the corporation, nor a pending suit to which the corporation is a party, nor the existing rights of persons other than members.

2.If the corporate name is changed by the amendment, a suit brought by or against the corporation under its former name does not abate for that reason.

3.When effective under section 10-33-19, an amendment restating the articles in their entirety supersedes the original articles and all amendments to the original articles.

4.Assets held by a corporation, including income or fees from services, are restricted to the uses and purposes for which the property was received or held.

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1. An amendment does not affect an existing cause of action in favor of or against the
corporation, nor a pending suit to which the corporation is a party, nor the existing
rights of persons other than members.
2. If the corporate name is changed by the amendment, a suit brought by or against the
corporation under its former name does not abate for that reason.
3. When effective under section 10-33-19, an amendment restating the articles in their
entirety supersedes the original articles and all amendments to the original articles.
4. Assets held by a corporation, including income or fees from services, are restricted to
the uses and purposes for which the property was received or held.

North Dakota § 10-33-17 (Effect of amendment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.