SEC. 79-11-399. Effect of repeal of prior statutes.
(1) Except as provided in subsection (2) of this section, the repeal of a statute by Sections 79-11-101 et seq. does not affect:
(a) The operation of the statute or any action taken under it before its repeal;
(b) Any ratification, right, remedy, privilege, obligation or liability acquired, accrued or incurred under the statute before its repeal;
(c) Any violation of the statute or any penalty, forfeiture or punishment incurred because of the violation before its repeal;
(d) Any proceeding, reorganization or dissolution commenced under the statute before its repeal, and the proceeding, reorganization or dissolution may be completed in accordance with the statute as if it had not been repealed; or
(e) Any meeting of members or directors or action by written consent noticed or any action taken before its repeal as a result of a meeting of members or directors or action by written consent.
(2) If a penalty or punishment imposed for violation of a statute repealed by Sections 79-11-101 et seq. is reduced by Sections 79-11-101 et seq., the penalty or punishment, if not already imposed, shall be imposed in accordance with Sections 79-11-101 et seq..
SOURCES: Laws, 1987, ch. 485, Sec. 150, eff from and after January 1, 1988.