181.1008 Effect of amendment and restatement of articles of incorporation. - Wisconsin Statutes

181.1008

181.1008 Effect of amendment and restatement of articles of incorporation.

181.1008(1)

(1) Rights and proceedings not affected. An amendment to a corporation's articles of incorporation, including a restatement of its articles of incorporation under s. 181.1006 that includes an amendment to its articles of incorporation, does not affect any of the following:

181.1008(1)(a)

(a) A cause of action existing against or in favor of the corporation.

181.1008(1)(b)

(b) A civil, criminal, administrative or investigatory proceeding to which the corporation is a party.

181.1008(1)(c)

(c) The existing rights of persons other than members of the corporation.

181.1008(2)

(2) Proceedings not abated. An amendment, or a restatement including an amendment, changing a corporation's name does not abate a civil, criminal, administrative or investigatory proceeding brought by or against the corporation in its former name.

181.1008 - ANNOT.

History: 1997 a. 79.