(1) Upon approval and filing of the amendment by the Director of the Department of Consumer and Business Services, the amendment shall become effective and the articles of incorporation shall be deemed to be amended accordingly.
(2) No amendment shall affect any existing cause of action in favor of or against such banking institution, any pending suit to which such banking institution shall be a party or the existing rights of persons other than shareholders. In the event the corporate name shall be changed by amendment, no suit brought by or against such banking institution under its former name shall abate for that reason. [1989 c.324 §15; 1997 c.631 §64]Section: Previous 707.240 707.242 707.244 707.246 707.248 707.250 707.252 707.254 707.256 707.258 707.260 707.262 707.264 707.266 707.268 Next
Last modified: August 7, 2008