Florida Statute 736.1107 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XLII
ESTATES AND TRUSTS

Chapter 736
FLORIDA TRUST CODE

View Entire Chapter

F.S. 736.1107

736.1107 Change in securities; accessions; nonademption.—A gift of specific securities, rather than their equivalent value, entitles the beneficiary only to:

(1) As much of the gifted securities of the same issuer held by the trust estate at the time of the occurrence of the event entitling the beneficiary to distribution.

(2) Any additional or other securities of the same issuer held by the trust estate because of action initiated by the issuer, excluding any acquired by exercise of purchase options.

(3) Securities of another issuer held by the trust estate as a result of a merger, consolidation, reorganization, or other similar action initiated by the original issuer.

History.—s. 11, ch. 2006-217.

F.S. 736.1107 on Google Scholar

F.S. 736.1107 on CourtListener

Amendments to 736.1107

Annotations, Discussions, Cases:

Cases Citing Statute 736.1107

Total Results: 1

Brundage v. Bank of America

996 So. 2d 877, 2008 WL 4722970

District Court of Appeal of Florida | Filed: Oct 29, 2008 | Docket: 12870

Cited 16 times | Published

reenacted verbatim in the Florida Trust Code as section 736.1107, Florida Statutes (2007). See Ch. 2006-217