Any bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance, that is made to a constituent corporation and that takes effect or remains payable after the merger, inures to the surviving corporation unless the will or other instrument otherwise specifically provides.
Ark. Code Ann. § 4-33-1107
Bequests, devises and gifts
Known as the Arkansas Nonprofit Corporation Act
The act spans §§ 4–4 (189 sections).
Acts 1993, No. 1147, § 1107.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.