Section 5550 - Devises, bequests and gifts after certain fundamental changesA devise, bequest or gift to be effective in the future, in trust or otherwise, to or for a nonprofit corporation which has:
(1) changed its purposes;(2) sold, leased away or exchanged all or substantially all its property and assets;(3) been converted into a business corporation;(4) become a party to a consolidation or a division;(5) become a party to a merger which it did not survive; or(6) been dissolved; after the execution of the document containing the devise, bequest or gift and before the nonprofit corporation acquires a vested interest in the devise, bequest or gift shall be effective only as a court having jurisdiction over the assets may order under 20 Pa.C.S. Ch. 77 (relating to trusts) or other applicable provisions of law.Amended by P.L. 476 2013 No. 67, § 30, eff. 9/7/2013.1972, Nov. 15, P.L. 1063, No. 271, § 7552, effective in 90 days. Renumbered 1988, Dec. 21, P.L. 1444, No. 177, § 103, effective Oct. 1, 1989.