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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 11B : Nonprofit Corporations

Chapter 011 : MERGER

(Cite as: 11B V.S.A. § 11.07)
  • § 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.)