61 Pa. Code § 93.1 - Valuation of stocks if death on weekend or holiday

In order that there may be uniformity of method by the Commonwealth and the Federal Government in the valuation of stocks listed on the New York or American Stock Exchange in those cases where death occurs on a weekend or a holiday, the following method shall be used:

(1) If death occurs on a weekend, the valuation of a stock listed on the New York or American Stock Exchange shall be the average of the mean between the high and low for Friday and the mean between the high and low on the Monday after death.

(2) If death occurs on a holiday, the valuation of the stock is the average of the mean of the high and the low on the day preceding the holiday and the mean between the high and low of the succeeding market day.

Notes

61 Pa. Code § 93.1