§ 1302. Application to existing authorized foreign corporations.

Every foreign corporation which on the effective date of this chapter
is authorized to do business in this state under a certificate of
authority heretofore issued to it by the secretary of state shall
continue to have such authority. Such foreign corporation, its
shareholders, directors and officers shall have the same rights,
franchises and privileges and shall be subject to the same limitations,
restrictions, liabilities and penalties as a foreign corporation
authorized under this chapter, its shareholders, directors and officers
respectively. Reference in this chapter to an application for authority
shall, unless the context otherwise requires, include the statement and
designation and any amendment thereof required to be filed by the
secretary of state under prior statutes to obtain a certificate of
authority.