Florida Statutes
Fla. Stat. § 736.1107 (2025)
Change in securities; accessions; nonademption.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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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.
Notes of Decisions
Cited in 1
case, 2008–2008 · leading case: Brundage v. Bank of Am., 996 So. 2d 877 (Fla. 4th DCA 2008).
Brundage v. Bank of Am., 996 So. 2d 877 (Fla. 4th DCA 2008). “§ 736.1107, Fla. Stat. As the trust did not hold any more than 54,000 shares of AHP stock on the date of Dorothy's death, the event entitling the beneficiaries to the distribution, the Brundages cannot claim a greater share.”
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