55A-10-07. Effect of amendment.
An amendment to articles of incorporation does not affect a cause of action existing against or in favor of the corporation, a proceeding to which the corporation is a party, any requirement or limitation imposed upon the corporation or any property held by it by virtue of any restriction or condition upon which such property is held by the corporation or the existing rights of persons other than members of the corporation. An amendment changing a corporation's name does not abate a proceeding brought by or against the corporation in its former name. (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s. 38; 1993, c. 398, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55A - North Carolina Nonprofit Corporation Act
Article 10 - Amendment of Articles of Incorporation and Bylaws.
§ 55A-10-01 - Authority to amend.
§ 55A-10-02 - Amendment by board of directors.
§ 55A-10-03 - Amendment by directors and members.
§ 55A-10-04 - Class voting by members on amendments.
§ 55A-10-05 - Articles of amendment.
§ 55A-10-06 - Restated articles of incorporation.
§ 55A-10-07 - Effect of amendment.
§ 55A-10-20 - Amendment by directors.
§ 55A-10-21 - Amendment by directors and members.