Savings clause

Savings clause. — (1) Except as provided in subsection (2), the repeal of a statute by this chapter does not affect: (a) The operation of the statute or an action taken under it before its repeal, including, without limiting the generality of the foregoing, the continuing validity of any provision of the articles of organization, regulations, or operating agreements of a limited liability company authorized under the statute at the time of its adoption; (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; or (d) Any proceeding, merger, sale of assets, reorganization, or dissolution commenced under the statute before its repeal, and the proceeding, merger, sale of assets, reorganization, or dissolution may be completed in accordance with the statute as if it had not been repealed. (2) If a penalty or punishment imposed for violation of a statute is reduced by this chapter, the penalty or punishment, if not already imposed, shall be imposed in accordance with this chapter. (3) This chapter does not affect an action commenced, proceeding brought, or right accrued before this chapter takes effect.