Sec. 10. Upon the issuance of the amended certificate of authority by the commissioner, the amendment shall become effective and the articles of incorporation shall be deemed to be amended accordingly. No amendment shall effect any existing cause of action in favor of or against such corporation, or any pending suit in which such corporation shall be a party, or the existing rights of persons other than shareholders of a stock company, or the members or policyholders in companies other than stock companies; and in the event the corporate name shall be changed by any amendment, no suit brought against such corporation under its former name shall be abated for that reason.
Formerly: Acts 1935, c.162, s.110.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 8. Procedures for Amending Articles of Incorporation
27-1-8-2. Proposal of Amendment
27-1-8-4. Form and Content of Articles of Amendment
27-1-8-5. Execution and Presentation of Articles of Amendment to Department
27-1-8-6. Approval or Disapproval of Articles of Amendment by Department
27-1-8-7. Submission of Articles of Amendment to Attorney General
27-1-8-8. Presentation of Articles of Amendment to Secretary of State; Duties of Secretary of State
27-1-8-9. Amended Certificate of Authority
27-1-8-10. Effect of Amendment
27-1-8-11. Prerequisites to Corporate Acts Under Amendment
27-1-8-12. Restrictions on Amendments; Decreasing Capital Stock