Section 48-61-124 - Bequests, devises and gifts

Any bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance, which is made to a corporation that is a party to a transaction under this chapter and which takes effect or remains payable after the transaction, inures to the surviving entity with a charitable purpose unless the will or other instrument otherwise specifically provides.Added by 2014 Tenn. Acts, ch. 899,s 72, eff. 1/1/2015.