N.C. Gen. Stat. § 55A-11-07
Devises and gifts
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
(1993, c. 398, s. 1; 1999-369, s. 2.6; 2011-284, s. 53.)
NORTH CAROLINA COMMENTARY
This section had no counterpart in the prior law. It is taken from the Model Act.
Effect of Amendments. - Session Laws 2011-284, s. 53, effective June 24, 2011, deleted "Bequests" from the beginning of the section catchline; and deleted "bequest" preceding "devise" in text.
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.