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.
‹ Prev All North Dakota sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.