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.
Haw. Rev. Stat. § 414D-206
Bequests, devises, and gifts
Known as the Hawaii Nonprofit Corporations Act
The act spans §§ 414–414 (182 sections).
L 2001, c 105, pt of §1
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.