Idaho § 15-2-607 CHANGE IN SECURITIES — ACCESSIONS — NONADEMPTION

Idaho Statutes

§ 15-2-607 — CHANGE IN SECURITIES — ACCESSIONS — NONADEMPTION

Idaho·Title 15 UNIFORM PROBATE CODE·Part 6. RULES OF CONSTRUCTION·Ch. 2 INTESTATE SUCCESSION — WILLS

(a)If the testator intended a specific devise of certain securities rather than the equivalent value thereof, the specific devisee is entitled only to:

(1)as much of the devised securities as is a part of the estate at the time of the testator’s death;

(2)any additional or other securities of the same entity owned by the testator by reason of action initiated by the entity excluding any acquired by exercise of purchase options;

(3)securities of another entity owned by the testator as a result of a merger, consolidation, reorganization or other similar action initiated by the entity; and

(4)any additional securities of the entity owned by the testator as a result of a plan of reinvestment if it is a regulated investment company.

(b)Distributions prior to death with respect to a specif

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(a) If the testator intended a specific devise of certain securities rather than the equivalent value thereof, the specific devisee is entitled only to:
(1) as much of the devised securities as is a part of the estate at the time of the testator’s death;
(2) any additional or other securities of the same entity owned by the testator by reason of action initiated by the entity excluding any acquired by exercise of purchase options;
(3) securities of another entity owned by the testator as a result of a merger, consolidation, reorganization or other similar action initiated by the entity; and
(4) any additional securities of the entity owned by the testator as a result of a plan of reinvestment if it is a regulated investment company.
(b) Distributions prior to death with respect to a specifically devised security not provided for in subsection (a) of this section are not part of the specific devise.

Idaho § 15-2-607 (CHANGE IN SECURITIES — ACCESSIONS — NONADEMPTION) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.