2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1703 - SAVINGS PROVISIONS.

        490.1703  SAVINGS PROVISIONS.
         1.  Except as provided in subsection 2, the repeal of a statute by
      1989 Iowa Acts, chapter 288, and the amendment or repeal of a statute
      by 2002 Iowa Acts, chapter 1154, does not affect:
         a.  The operation of the statute or any action taken under it
      before its amendment or repeal.
         b.  Any ratification, right, remedy, privilege, obligation, or
      liability acquired, accrued, or incurred under the statute before its
      amendment or repeal.
         c.  Any violation of the statute, or any penalty, forfeiture,
      or punishment incurred because of the violation, before its amendment
      or repeal.
         d.  Any proceeding, reorganization, or dissolution commenced
      under the statute before its amendment or repeal, and the proceeding,
      reorganization, or dissolution may be completed in accordance with
      the statute as if it had not been amended or repealed.
         2.  If a penalty or punishment imposed for violation of a statute
      repealed by 1989 Iowa Acts, chapter 288, is reduced by 1989 Iowa
      Acts, chapter 288, the penalty or punishment if not already imposed
      shall be imposed in accordance with this chapter.  

         89 Acts, ch 288, §184; 90 Acts, ch 1168, §53; 2003 Acts, ch 66, §3