§ 30.1-09-07 — (2-605) Change in securities - Accessions - Nonademption

North Dakota § 30.1-09-07

• Jurisdiction: North Dakota
• Title 30.1: Uniform Probate Code
• Ch. 30.1-09: Rules of Construction - Contractual Arrangements Relating to Death

Text

1. If a testator intended a specific devise of certain securities rather than the equivalent
value thereof, the specific devisee is entitled only to:
a. As much of the devised securities as is a part of the estate at the time of the
testator's death.
b. 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.
c. Securities of another entity owned by the testator as a result of a merger,
consolidation, reorganization, or other similar action initiated by the entity.
d. Any additional securities of the entity owned by the testator as a result of a plan
of reinvestment.
2. Distributions before death with respect to a specifically devised security not provided
for in subsection 1 are not part of the specific devise.