48-60-108 - Effect of amendment. - Tennessee Statutes

48-60-108. Effect of amendment.

An amendment to the charter does not affect a cause of action existing against or in favor of the corporation, any requirement or limitation imposed upon the corporation or any property held by it by virtue of any trust upon which such property is held by the corporation, a proceeding to which the corporation is a party, or the existing rights of persons other than members 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 1987, ch. 242, § 10.08.]