Oregon Statutes - Chapter 65 - Nonprofit Corporations - Section 65.501 - Effect of merger on bequests, devises and gifts.

Any bequest, devise, gift, grant or promise contained in a will or other instrument of donation, subscription or conveyance, which is made to a constituent corporation and which takes effect or remains payable after the merger, inures to the surviving corporation unless the will or other instrument otherwise specifically provides. [1989 c.1010 §124]

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Last modified: August 7, 2008