Texas Transportation Code

§ 431.147 — SUITS NOT AFFECTED

TN § 431.147Title 6. ROADWAYS · Part I. TRANSPORTATION CORPORATIONS · Ch. 431. TEXAS TRANSPORTATION CORPORATION ACT · Art. E. AMENDMENT OR RESTATEMENT OF ARTICLES OF INCORPORATION

Statute text

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(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.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.