Tex. Est. Code Section 255.252
Increase in Securities; Accessions

Unless the will of a testator clearly provides otherwise, a devise of securities that are owned by the testator on the date the will is executed includes the following additional securities subsequently acquired by the testator as a result of the testator’s ownership of the devised securities:

(1)

securities of the same organization acquired because of an action initiated by the organization or any successor, related, or acquiring organization, including stock splits, stock dividends, and new issues of stock acquired in a reorganization, redemption, or exchange, other than securities acquired through the exercise of purchase options or through a plan of reinvestment; and

(2)

securities of another organization acquired as a result of a merger, consolidation, reorganization, or other distribution by the organization or any successor, related, or acquiring organization, including stock splits, stock dividends, and new issues of stock acquired in a reorganization, redemption, or exchange, other than securities acquired through the exercise of purchase options or through a plan of reinvestment.

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.

Source: Section 255.252 — Increase in Securities; Accessions, https://statutes.capitol.texas.gov/Docs/ES/htm/ES.255.htm#255.252 (accessed May 4, 2024).

255.001
Definitions 255.002
Certain Personal Property Excluded from Devise of Real Property 255.003
Contents Excluded from Legacy of Personal Property 255.051
Definition 255.052
Applicability and Construction 255.053
Succession by Pretermitted Child if Testator Has Living Child at Will’s Execution 255.054
Succession by Pretermitted Child if Testator Has No Living Child at Will’s Execution 255.055
Ratable Recovery by Pretermitted Child from Portions Passing to Other Beneficiaries 255.056
Limitation on Reduction of Estate Passing to Surviving Spouse 255.101
Certain Lifetime Gifts Considered Satisfaction of Devise 255.102
Valuation of Property 255.151
Applicability of Subchapter 255.152
Failure of Devise 255.153
Disposition of Property to Certain Devisees Who Predecease Testator 255.154
Devisee Under Class Gift 255.251
Definitions 255.252
Increase in Securities 255.253
Cash Distribution Not Included in Devise 255.301
No Right to Exoneration of Debts 255.302
Exception 255.303
Rights of Certain Creditors and Other Persons 255.304
Applicability of Subchapter 255.351
Exercise of Power of Appointment Through Will 255.401
Posthumous Class Gift Membership 255.451
Circumstances Under Which Will May Be Modified or Reformed 255.452
Judicial Discretion 255.453
Retroactive Effect 255.454
Powers Cumulative 255.455
Duties and Liability of Personal Representative Under Subchapter 255.456
Jurisdiction and Transfer of Proceeding

Accessed:
May 4, 2024

§ 255.252’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._est._code_section_255.252

Original Source: Section 255.252 — Increase in Securities; Accessions, https://statutes.capitol.texas.gov/Docs/ES/htm/ES.255.htm#255.252 (last accessed May 4, 2024).