It is enacted by the General Assembly as follows:

SECTION 1. Section 7-6-107 of the General Laws in Chapter 7-6 entitled "Rhode Island Nonprofit Corporation Act" is hereby amended to read as follows:

{ADD 7-6-107. Effect of repeal of prior chapters. -- ADD} (a) The repeal of a prior chapter by this chapter shall not affect any right accrued or established, or any liability or penalty incurred, under the provisions of the prior chapter, prior to the repeal thereof.

(b) The limitation formerly set forth in section 7-6-8 as amended, (which is repealed hereby) shall not hereafter apply to any existing corporation {ADD whether created by special act of the general assembly or otherwise, ADD} notwithstanding that the corporation's articles of incorporation contain a reference to section 7-6-8 or a recitation of the limitation heretofore contained therein {DEL ; provided, however, that the provisions of this chapter will not be deemed to affect any similar limitation contained in a special act of the general assembly heretofore enacted creating a corporation. DEL} {ADD or any similar limitation. ADD}

(c) Each existing corporation shall have the powers set forth in section 7-6-5 hereof notwithstanding that its articles of incorporation contain other or different powers or contain a reference to or recitation of the powers granted by any act hereby or heretofore repealed.

SECTION 2. This act shall take effect upon passage.