10-11108. Requests, devises and gifts
Unless the will or other instrument otherwise specifically provides, any bequest, devise, gift, grant or promise that is contained in a will or other instrument of donation, subscription or conveyance, that is made to a domestic nonprofit corporation and that takes effect or remains payable after the transaction inures, as applicable, to the surviving entity in a merger, the acquiring entity in an interest exchange, the converted entity in a conversion, the domesticated entity in a domestication and, as specified in the statement of division, one or more of the resulting entities in a division.
Section: Previous 10-11024 10-11030 10-11031 10-11101 10-11102 10-11103 10-11105 10-11108 10-11201 10-11202 10-11251 10-11252 10-11253 10-11254 10-11301 NextLast modified: October 13, 2016