Any 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 survivor in the merger unless the will or other instrument otherwise specifically provides.
N.C. Gen. Stat. § 55A-11-07
Devises and gifts
1993, c. 398, s. 1; 1999-369, s. 2.6; 2011-284, s. 53.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.