Sec. 7. A bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance that:
(1) is made to a constituent corporation; and
(2) takes effect or remains payable after the merger;
inures to the surviving corporation unless a will or other instrument otherwise specifically provides.
As added by P.L.179-1991, SEC.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 17. Nonprofit Corporations
23-17-19-1. Authorization; Plan; Required Provisions; Optional Provisions
23-17-19-2. Mergers Without Prior Approval; Conditions
23-17-19-3. Approval of Mergers
23-17-19-4. Articles of Merger; Contents; Effective Date; Filing
23-17-19-4.5. Amendment or Abandonment of Plan of Merger
23-17-19-6. Foreign Corporations