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.
S.C. Code Ann. § 33-31-1107
Bequests, devises, and gifts not affected by merger
Known as the South Carolina Nonprofit Corporation Act
The act spans §§ 33–33 (186 sections).
1994 Act No. 384, SECTION 1.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.