The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
14-2605 - Securities increase in value after death; effect; exception
14-2605. Securities increase in value after death; effect; exception
A. If a testator executes a will that devises securities and the testator then owned securities that meet the description in the will, the devise includes additional securities owned by the testator at death to the extent the additional securities were acquired by the testator after the will was executed as a result of the testator's ownership of the described securities and are securities of any of the following types:
1. Securities of the same organization acquired by reason of action initiated by the organization or any successor, related or acquiring organization, excluding any acquired by exercise of purchase options.
2. Securities of another organization acquired as a result of any merger, consolidation, reorganization or other distribution by the organization or any successor, related or acquiring organization.
3. Securities of the same organization acquired as a result of a plan of reinvestment.
B. Distributions in cash before death with respect to a described security are not part of the devise.