Section 13.70.080. Disclaimer by appointee, object, or taker in default of exercise of power of appointment.  


Latest version.
  •    (a) 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.
       (b) 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.

Notes


History

(Sec. 1 ch 63 SLA 2010)