§ 18400
71 words·~1 min read·
/ca/corporations-code/18400A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance that is made to a disappearing entity and that takes effect or remains payable after the merger inures to the benefit of the surviving entity. A trust obligation that would govern property if transferred to the disappearing entity applies to property that is instead transferred to the surviving entity under this section.