Florida Statute 736.1107 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XLII
ESTATES AND TRUSTS

Chapter 736
FLORIDA TRUST CODE

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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 Casetext

Amendments to 736.1107

Arrestable Offenses / Crimes under Fla. Stat. 736.1107

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 736.1107.

Annotations, Discussions, Cases:

Cases Citing Statute 736.1107

Total Results: 1

Brundage v. Bank of America

Court: District Court of Appeal of Florida | Date Filed: 2008-10-29

Citation: 996 So. 2d 877, 2008 WL 4722970

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