Wisconsin Statutes 180.1009 – Effect of amendment
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Terms Used In Wisconsin Statutes 180.1009
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
(1) An amendment to a corporation‘s articles of incorporation, including a restatement of its articles of incorporation under s. 180.1007 that includes an amendment to its articles of incorporation, does not affect any of the following:
(a) A cause of action existing against or in favor of the corporation.
(b) A civil, criminal, administrative or investigatory proceeding to which the corporation is a party.
(c) The existing rights of persons other than shareholders of the corporation.
(2) An amendment, or a restatement including an amendment, changing a corporation’s name does not abate a civil, criminal, administrative or investigatory proceeding brought by or against the corporation in its former name.