2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 55 - Corporate Powers, Duties and Safeguards
5550 - Devises, bequests and gifts after certain fundamental changes.

     § 5550.  Devises, bequests and gifts after certain fundamental
                changes.
        A devise, bequest or gift to be effective in the future, in
     trust or otherwise, to or for a nonprofit corporation which has:
            (1)  changed its purposes;
            (2)  sold, leased away or exchanged all or substantially
        all its property and assets;
            (3)  been converted into a business corporation;
            (4)  become a party to a consolidation or a division;
            (5)  become a party to a merger which it did not survive;
        or
            (6)  been dissolved;
     after the execution of the document containing such devise,
     bequest or gift shall be effective only as a court having
     jurisdiction over the assets may order under the Estates Act of
     1947 or other applicable provisions of law.

        References in Text.  The Estates Act of 1947, referred to in
     section 5550, was repealed June 30, 1972, P.L.508, No.164,
     effective July 1, 1972. The subject matter is now contained in
     Chapter 61 of Title 20 (Decedents, Estates and Fiduciaries).
        Cross References.  Section 5550 is referred to in section
     5929 of this title.