(1) A share of a body corporate issued before the company was reincorporated under this Act is presumed to have been issued in compliance with this Act and with the provisions of the articles of reincorporation, irrespective of whether the share is fully paid, and irrespective of any designation, rights, privileges, restrictions or conditions attached to the share, or set out on, or referred to in, the certificate representing the share, and reincorporation under this Act does not deprive a shareholder of any right or privilege that he or she claims under an issued share of the company, nor does it relieve him or her of any liability in respect of an issued share of the company.