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2011 Vermont Code
Title 11B Nonprofit Corporations
Chapter 11 MERGER
§ 7 Bequests, devises, and gifts


11B VT Stats § 11.07. (2011 through Adj Sess) What's This?

§ 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.)

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