394.5 50 Stock legacy to include split shares, dividends, and shares issued in merger 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 exchang e 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. History: Created 1972 Ky. Acts ch. 1 68, sec. 4, effective June 16, 1972.
Kentucky Legal Code