2010 Tennessee Code
Title 48 - Corporations And Associations
Chapter 27 - Transition Provisions
48-27-103 - Saving provisions.

48-27-103. Saving provisions.

(a)  Except as provided in subsection (b), the repeal of a statute by chapters 11-27 of this title does not affect:

     (1)  The operation of the statute or any action taken under it before its repeal and if any certificate or document is required to be filed in any public office of this state relating to such action, it may be filed after January 1, 1988, in accordance with the prior statute; provided, that such certificate or document is received by the secretary of state or other recording official on or before April 30, 1988. Any certificate or document recorded or filed pursuant to this subdivision shall pay the fee required by § 48-11-303 for such recording or filing;

     (2)  Any ratification, right, remedy, privilege, obligation, or liability acquired, accrued, or incurred under the statute before its repeal;

     (3)  Any violation of the statute, or any penalty, forfeiture, or punishment incurred because of the violation, before its repeal; or

     (4)  Any proceeding commenced, or reorganization or dissolution authorized by the board of directors, 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the proceeding, reorganization, or dissolution may be completed in accordance with the statute as if it had not been repealed.

(b)  If a penalty or punishment imposed for violation of a statute repealed by chapters 11-27 of this title is reduced by chapters 11-27 of this title, the penalty or punishment if not already imposed shall be imposed in accordance with chapters 11-27 of this title.

[Acts 1986, ch. 887, § 17.03; 1987, ch. 273, §§ 49, 50.]