Bequests, devises and gifts

Tenn. Code Ann. § 48-61-124, under Mergers, Membership Exchanges, Entity Conversions, and For-Profit Conversions.

Tenn. Code Ann. § 48-61-124

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.