Section 1302. Application to existing authorized foreign corporations

Every  foreign corporation which on the effective date of this chapter
  is authorized to conduct activities 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 members,
  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 members, directors,  and  officers  respectively.    A
  foreign corporation may by amendment to its certificate of authority set
  forth the type of corporation it is under section 201 (Purposes); and in
  the absence of such amendment an authorized foreign corporation shall be
  a  Type  B corporation.  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.