§ 4–405
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 4-405 (2026)
Title 4. Wills
Subtitle 4. Rules Relating to Legacies
§ 4–405LinkCopy Citation
Unless a contrary intent is expressly indicated in the will, a specific legacy includes additional or substituted securities if:
(1)
Securities are the subject of a specific legacy;
(2)
After the execution of the will other securities of the same or another entity are distributed to the testator because of the testator’s ownership of the original securities, whether as a result of a partial liquidation, stock dividend, stock split, merger, consolidation, reorganization, recapitalization, redemption, exchange, or other transaction; and
(3)
The securities are part of the estate of the testator at the time of the testator’s death.