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

  1. Law
  2. Arkansas Code
  3. Wills, Estates, and Fiduciary Relationships
  4. General Provisions
  5. Disclaimer Of Property
  6. Uniform Disclaimer of Property Interests Act (1999)
  7. Disclaimer by appointee, object, or taker in default of exercise of power of appointment

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  1. (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.

  2. (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.


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