Minn. Stat. § 317A.141
Current through Register Vol. 49, No. 8, August 19, 2024
An amendment does not affect an existing cause of action in favor of or against the corporation, a pending suit to which the corporation is a party, nor the existing rights of persons other than members.
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.
When effective under section 317A.151, an amendment restating the articles in their entirety supersedes the original articles and amendments to the original articles.
Assets held by a corporation, including income or fees from services, are restricted to the uses and purposes for which the property was received and held.
Minn. Stat. § 317A.141
1989 c 304 s 19; 1997 c 222 s 42