(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.
Structure Florida Statutes
Title XLII - Estates and Trusts
Chapter 736 - Florida Trust Code
Part XI - Rules of Construction (Ss. 736.1101-736.1109)
736.1101 - Rules of construction; general provisions.
736.1102 - Construction of terms.
736.1103 - Gifts to multigeneration classes to be per stirpes.
736.1104 - Person not entitled to receive property or other benefits by reason of victim’s death.
736.1105 - Effect of subsequent marriage, birth, adoption, or dissolution of marriage.
736.1107 - Change in securities; accessions; nonademption.
736.1108 - Penalty clause for contest.
736.1109 - Testamentary and revocable trusts; homestead protections.