Section 21132 - At-death transfer of securities(a) If a transferor executes an instrument that makes an at-death transfer of securities and the transferor then owned securities that meet the description in the instrument, the transfer includes additional securities owned by the transferor at death to the extent the additional securities were acquired by the transferor after the instrument was executed as a result of the transferor's ownership of the described securities and are securities of any of the following types: (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.(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.(3) Securities of the same organization acquired as a result of a plan of reinvestment.(b) Distributions in cash before death with respect to a described security are not part of the transfer.Added by Stats 2002 ch 138 (AB 1784),s 33, eff. 1/1/2003.