Vermont Statutes
Chapter 11 - Merger
§ 11.07. Bequests, devises, and gifts

§ 11.07. Bequests, devises, and gifts
Any bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance, which is made to a constituent corporation and which takes effect or remains payable after the merger, inures to the surviving corporation unless the will or other instrument otherwise specifically provides. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)