524.1510 Effect of amendment.
69 words·~1 min read·
/ia/chapter-524-banks/524-1510·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An amendment to the articles of incorporation does not affect a cause of action existing against or in favor of the state bank, a proceeding to which the state bank is a party, or the existing rights of persons other than shareholders of the state bank. An amendment changing the state bank’s name does not abate a proceeding brought by or against the state bank in its former name.