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 or entity and that takes effect or remains payable after the merger, inures to the surviving corporation or entity unless the will or other instrument otherwise specifically provides.
History. Code 1981, § 14-3-1107 , enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2004, p. 508, § 52.
Structure Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 3 - Nonprofit Corporations
§ 14-3-1103. Approval of Plan of Merger by Members or Directors; Abandonment of Plan
§ 14-3-1104. Articles of Merger; Publication of Notice of Merger
§ 14-3-1104.1. Required Filing of Notice of Merger
§ 14-3-1106. Merger With Foreign Corporation
§ 14-3-1107. Effect of Merger on Bequest, Devise, or Other Transfer of Property
§ 14-3-1108. Definitions; Merger With Foreign Corporations; Requirements