Section 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.