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N.D. Cent. Code § 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.

Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.