SECTION 732.605. Change in securities; accessions; nonademption.

Latest version.

1(1) 2If the testator intended a specific devise of certain securities rather than their equivalent value, the specific devisee is entitled only to:
24(a) 25As much of the devised securities as is a part of the estate at the time of the testator’s death.
45(b) 46Any additional or other securities of the same entity owned by the testator because of action initiated by the entity, excluding any acquired by exercise of purchase options.
74(c) 75Securities of another entity owned by the testator as a result of a merger, consolidation, reorganization, or other similar action initiated by the entity.
99(d) 100Securities of the same entity acquired as a result of a plan of reinvestment.
114(2) 115Distributions before death with respect to a specifically devised security, whether in cash or otherwise, which are not provided for in subsection (1) are not part of the specific devise.

History.-s. 1, ch. 74-106; s. 113, ch. 75-220; s. 53, ch. 2001-226.

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