Any bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance, that is made to a constituent corporation and that takes effect or remains payable after the merger, inures to the surviving corporation unless the will or other instrument otherwise specifically provides.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 33 - The Arkansas Nonprofit Corporation Act of 1993
§ 4-33-1101. Approval of plan of merger
§ 4-33-1102. Limitations on mergers by public benefit or religious corporations
§ 4-33-1103. Action on plan by board, members and third persons
§ 4-33-1104. Articles of merger
§ 4-33-1106. Merger with foreign corporation
§ 4-33-1107. Bequests, devises and gifts
§ 4-33-1108. Continuation of prior corporate existence for limited purpose