Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2004 Florida Statutes

SECTION 622
Change in securities; accessions; nonademption.
Section 737.622, Florida Statutes 2004

737.622  Change in securities; accessions; nonademption.--A gift of specific securities, rather than their equivalent value, shall entitle 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. 16, ch. 93-257.