<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 29A-2-605 - Increase in securities--Accessions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2052064Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2052064SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2052064CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2052064Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2052064DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2052064Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2052064Normal-000002 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2052064000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2052064SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2052064SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2052064Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=29A-2-605"><span class="s2052064SENU">29A-2-605</span></a><span xml:space="preserve" class="s2052064SENU">. </span><span class="s2052064CL">Increase in securities--Accessions.</span></p><p dir="ltr" class="s2052064Normal-000000"><span class="s2052064DefaultParagraphFont">(a) If a testator executes a will that devises securities and the testator then owned securities that meet the description in the will, the devise includes additional securities owned by the testator at death to the extent the additional securities were acquired by the testator after the will was executed as a result of the testator's ownership of the described securities and are securities of any of the following types:</span></p><p dir="ltr" class="s2052064Normal-000001"><span class="s2052064DefaultParagraphFont">(1)    Securities of the same organization acquired by reason of action initiated by the organization or any successor, related, or acquiring organization, excluding any acquired by exercise of purchase options;</span></p><p dir="ltr" class="s2052064Normal-000001"><span class="s2052064DefaultParagraphFont">(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; or</span></p><p dir="ltr" class="s2052064Normal-000001"><span class="s2052064DefaultParagraphFont">(3)    Securities of the same organization acquired as a result of a plan of reinvestment.</span></p><p dir="ltr" class="s2052064Normal-000002"><span class="s2052064DefaultParagraphFont">(b) Distributions in cash before death with respect to a described security are not part of the devise.</span></p><p dir="ltr" class="s2052064Normal"><span xml:space="preserve" class="s2052064000003"> </span></p><p dir="ltr" class="s2052064Normal"><span class="s2052064SCL">Source:</span><span xml:space="preserve" class="s2052064SCL-000004"> SL 1995, ch 167, § 2-605.</span></p></div></body></html>