Section 10-2B-10.09 Effect of amendment. - Alabama Statutes

Section 10-2B-10.09

Effect of amendment.

An amendment to articles of incorporation does not affect a cause of action existing against or in favor of the corporation, a proceeding to which the corporation is a party, or the existing rights of persons other than shareholders of the corporation. An amendment changing a corporation's name does not abate a proceeding brought by or against the corporation in its former name.

(Acts 1994, No. 94-245, p. 343, §1.)