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§ 23-17-19-7 — Indiana Law | CourtGPT
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  4. Title 23 - Business and Other Associations/
  5. Article 17 - Nonprofit Corporations/
  6. Chapter 19 - Merger23-17-19-1. Authorization; Plan; Required Provisions; Optional Provisions/
  7. § 23-17-19-7
Indiana Legal Code

§ 23-17-19-7

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A bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance that:(1) is made to a constituent corporation; and(2) takes effect or remains payable after the merger;inures to the surviving corporation unless a will or other instrument otherwise specifically provides.As added by P.L.179-1991, SEC.1.