There is a newer version of the Tennessee Code
2010 Tennessee Code
Title 48 - Corporations And Associations
Chapter 61 - Merger
48-61-107 - Bequests, devises and gifts.
48-61-107. 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 corporation that is a party to a merger and which takes effect or remains payable after the merger, inures to the surviving corporation unless the will or other instrument otherwise specifically provides.
[Acts 1987, ch. 242, § 11.07.]
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