47-22-22. Preexisting actions unaffected--Change of name as not abating action.

No amendment to the articles of incorporation shall affect any existing cause of action in favor of or against such corporation, or any pending action to which such corporation shall be a party, or the existing rights of persons other than members; and, in the event the corporation name shall be changed by amendment, no action brought by or against such corporation under its former name shall abate for that reason.

Source: SDC 1939, § 11.1302; SL 1965, ch 24, § 38.