Sec. 431.147. SUITS NOT AFFECTED. (a) An amendment to the articles of incorporation does not affect:
(1) any existing cause of action in favor of or against the corporation;
(2) any pending suit to which the corporation is a party; or
(3) the existing rights of any person.
(b) If an amendment to the articles of incorporation changes the name of the corporation, a suit brought by or against the corporation under its former name does not abate for that reason.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle I - Transportation Corporations
Chapter 431 - Texas Transportation Corporation Act
Subchapter E. Amendment or Restatement of Articles of Incorporation
Section 431.142. Amendment by Board of Directors
Section 431.143. Amendment by Commission
Section 431.144. Contents of Articles of Amendment
Section 431.145. Execution and Verification of Articles of Amendment
Section 431.146. Delivery and Filing of Articles of Amendment
Section 431.147. Suits Not Affected
Section 431.148. Restatement of Articles
Section 431.150. Restatement With Additional Amendment
Section 431.151. Change in Board Information Not Amendment
Section 431.152. Execution and Verification of Restatement of Articles
Section 431.153. Delivery and Filing of Restatement of Articles