10-33-17. Effect of amendment

10-33-17. Effect of amendment 1. An amendment does not affect an existing cause of action in favor of or against the corporation, nor a pending suit to which the corporation is a party, nor the existing rights of persons other than members. 2. If the corporate name is changed by the amendment, a suit brought by or against the corporation under its former name does not abate for that reason. 3. When effective under section 10-33-19, an amendment restating the articles in their entirety supersedes the original articles and all amendments to the original articles. 4. Assets held by a corporation, including income or fees from services, are restricted to the uses and purposes for which the property was received or held.