Arizona § 14-2605 Securities increase in value after death; effect; exception

Arizona Statutes

§ 14-2605 — Securities increase in value after death; effect; exception

Arizona·Title 14 Arizona Revised Statutes·Ch. 2 INTESTATE SUCCESSION AND WILLS·Art. 6 Rules of Construction

A.If a testator executes a will that devises securities and the testator then owned securities that meet the description in the will, the devise includes additional securities owned by the testator at death to the extent the additional securities were acquired by the testator after the will was executed as a result of the testator's ownership of the described securities and are securities of any of the following types:

1.Securities of the same organization acquired by reason of action initiated by the organization or any successor, related or acquiring organization, excluding any acquired by exercise of purchase options.

2.Securities of another organization acquired as a result of any merger, consolidation, reorganization or other distribution by the organization or any successor, rel

Free access — add to your briefcase to read the full text and ask questions with AI

A. If a testator executes a will that devises securities and the testator then owned securities that meet the description in the will, the devise includes additional securities owned by the testator at death to the extent the additional securities were acquired by the testator after the will was executed as a result of the testator's ownership of the described securities and are securities of any of the following types:

1. Securities of the same organization acquired by reason of action initiated by the organization or any successor, related or acquiring organization, excluding any acquired by exercise of purchase options.

2. Securities of another organization acquired as a result of any merger, consolidation, reorganization or other distribution by the organization or any successor, related or acquiring organization.

3. Securities of the same organization acquired as a result of a plan of reinvestment.

B. Distributions in cash before death with respect to a described security are not part of the devise.

Arizona § 14-2605 (Securities increase in value after death; effect; exception) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.