Sec. 501.307. SUITS OR RIGHTS NOT AFFECTED. (a) An amendment to a corporation's certificate of formation 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 a corporation's name is changed by amendment to the certificate of formation, a suit brought by or against the corporation under its former name does not abate for that reason.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 501 - Provisions Governing Development Corporations
Subchapter G. Amendment or Restatement Of
Section 501.301. Amendment by Board of Directors
Section 501.302. Amendment by Unit
Section 501.303. Amendment to County Alliance Corporation's Certificate of Formation
Section 501.304. Contents of Certificate of Amendment
Section 501.305. Execution and Verification of Certificate of Amendment
Section 501.306. Delivery and Filing of Certificate of Amendment
Section 501.307. Suits or Rights Not Affected
Section 501.308. Restated Certificate of Formation
Section 501.310. Restatement With Additional Amendment
Section 501.311. Change in Certain Information Not Amendment
Section 501.312. Execution and Verification of Restated Certificate of Formation
Section 501.313. Delivery and Filing of Restated Certificate of Formation