Md. Code, Estates and Trusts § 4-405
Md. Code, Estates and Trusts § 4-405
in effectUnless 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=get§ion=4-405&enactments=falseFetched: 10/17/2026