Arizona Arizona Revised Statutes
§ 10-11108 — Requests, devises and gifts
ARS § 10-11108Title 10. Corporations and Associations · Ch. 34. MERGERS AND OTHER RESTRUCTURING TRANSACTIONS-NONPROFIT CORPORATIONS · Art. 1. General Provisions
Statute text
View on source10-11108. Requests, devises and gifts Unless the will or other instrument otherwise specifically provides, any bequest, devise, gift, grant or promise that is contained in a will or other instrument of donation, subscription or conveyance, that is made to a domestic nonprofit corporation and that takes effect or remains payable after the transaction inures, as applicable, to the surviving entity in a merger, the acquiring entity in an interest exchange, the converted entity in a conversion, the domesticated entity in a domestication and, as specified in the statement of division, one or more of the resulting entities in a division.