Corporations Code section 18400

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.

Source: Section 18400, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=18400.­ (updated Jan. 1, 2006; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 18400’s source at ca​.gov