Effect of repeal or amendment of prior acts

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its repeal or amendment, and the proceeding, reorganization, or dissolution may be completed as if it had not been repealed or amended. (2) If a penalty or punishment imposed for violation of a statute repealed or amended by this chapter is reduced by this act, the penalty or punishment if not already imposed shall be imposed in accordance with this chapter.