The 2023 Florida Statutes (including Special Session C)

Title XLII
ESTATES AND TRUSTS

Chapter 736
FLORIDA TRUST CODE

View Entire Chapter

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 from cite.case.law:

BRUNDAGE, J. F. v. BANK OF AMERICA, u a S., 996 So. 2d 877 (Fla. Dist. Ct. App. 2008)

. . . section 737.622, Florida Statutes (repealed and reenacted verbatim in the Florida Trust Code as section 736.1107 . . . trust estate at the time of the occurrence of the event entitling the beneficiary to distribution. § 736.1107 . . .