394.550 Stock legacy to include split shares, dividends, and shares issued in merger
109 words·~1 min read·
/ky/394-550A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
and exchange. A legacy of stock, regardless of whether it is construed to be general or specific, shall include:
(1)All stock split shares attributable to the devised shares;
(2)All stock dividends attributable to the devised shares;
(3)All shares of stock issued as a result of merger, consolidation, reorganization or
other similar action, and attributable to the devised shares; and
(4)All shares of stock issued in exchange for and attributable to the devised shares,
received by the testator after execution of the will or by his estate after his death,
unless there is in the will or a codicil thereto a manifest intention to the contrary.