Idaho Statutes
pecnv.out

TITLE 15
UNIFORM PROBATE CODE
CHAPTER 2
INTESTATE SUCCESSION — WILLS
PART 6.
RULES OF CONSTRUCTION
15-2-607.  Change in securities — Accessions — Nonademption. (a) If the testator intended a specific devise of certain securities rather than the equivalent value thereof, the specific devisee is entitled only to:
(1)  as much of the devised securities as is a part of the estate at the time of the testator’s death;
(2)  any additional or other securities of the same entity owned by the testator by reason of action initiated by the entity excluding any acquired by exercise of purchase options;
(3)  securities of another entity owned by the testator as a result of a merger, consolidation, reorganization or other similar action initiated by the entity; and
(4)  any additional securities of the entity owned by the testator as a result of a plan of reinvestment if it is a regulated investment company.
(b)  Distributions prior to death with respect to a specifically devised security not provided for in subsection (a) of this section are not part of the specific devise.

History:
[I.C., sec. 15-2-607, as added by 1971, ch. 111, sec. 1, p. 233.]


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