2015 Mississippi Code
Title 79 - CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS
Chapter 4 - MISSISSIPPI BUSINESS CORPORATION ACT
Article 17 - TRANSITION PROVISIONS
§ 79-4-1703 - Saving provisions

MS Code § 79-4-1703 (2015) What's This?

(a) Except as provided in subsection (b), the repeal of a statute by Sections 79-4-1.01 et seq. does not affect:

(1) The operation of the statute or any action taken under it before its repeal;

(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;

(4) 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and the proceeding, reorganization or dissolution may be completed in accordance with the statute as if it had not been repealed.

(b) If a penalty or punishment imposed for violation of a statute repealed by Sections 79-4-1.01 et seq. is reduced by Sections 79-4-1.01 et seq., the penalty or punishment if not already imposed shall be imposed in accordance with Sections 79-4-1.01 et seq.

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