55A-11-07. Devises and gifts.
Any 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 survivor in the merger unless the will or other instrument otherwise specifically provides. (1993, c. 398, s. 1; 1999-369, s. 2.6; 2011-284, s. 53.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55A - North Carolina Nonprofit Corporation Act
§ 55A-11-01 - Approval of plan of merger.
§ 55A-11-02 - Limitations on mergers by charitable or religious corporations.
§ 55A-11-04 - Articles of merger.
§ 55A-11-05 - Effect of merger.
§ 55A-11-06 - Merger with foreign corporation.
§ 55A-11-07 - Devises and gifts.
§ 55A-11-08 - Merger with business corporation.
§ 55A-11-09 - Merger with unincorporated entity.
§ 55A-11-10 - Merger with certain charitable or religious corporation or hospital authority.