GroundRules
72-2-826: Disclaimer by appointee, object, or taker in default of exercise of power of appointment.
Where this section sits in the code
- TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS
- CHAPTER 2. UPC -- INTESTACY, WILLS, AND DONATIVE TRANSFERS
- Part 8. General Provisions Concerning Probate and Nonprobate Transfers
(1) A disclaimer of an interest in property by an appointee of a power of appointment takes effect as of the time the instrument by which the holder exercises the power becomes irrevocable.
(2) A disclaimer of an interest in property by an object or taker in default of an exercise of a power of appointment takes effect as of the time the instrument creating the power becomes irrevocable.
Collected 2026-09-14T04:59:00Z. Source file · JSON