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