CHAPTER 563-B UNIFORM DISCLAIMER OF PROPERTY INTERESTS ACT
ARTICLE 9 Disclaimer by Appointee, Object, or Taker in Default of Exercise of Power of Appointment
Section 563-B:9
563-B:9 Disclaimer by Appointee, Object, or Taker in Default of Exercise of Power of Appointment.
(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.
Source. 2021, 206:2, Pt. VI, Sec. 10, eff. Aug. 10, 2021.