An amendment to articles of incorporation does not affect a cause of action existing against or in favor of the corporation, a proceeding to which the corporation is a party, any requirement or limitation imposed upon the corporation, or any property held by it by virtue of any trust upon which such property is held by the corporation or the existing rights of persons other than members of the corporation. An amendment changing a corporation's name does not abate a proceeding brought by or against the corporation in its former name.
S.C. Code Ann. § 33-31-1008
Effect of amendment and restatement
Known as the South Carolina Nonprofit Corporation Act
The act spans §§ 33–33 (186 sections).
Applied in 1 court decision — leading case SOUTHEASTERN HOUSING FOUNDATION v. Smith (2008)
Most recently applied in SOUTHEASTERN HOUSING FOUNDATION v. Smith (December 2008)
1994 Act No. 384, SECTION 1.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.