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

  1. Law
  2. Maine Revised Statutes
  3. PROBATE CODE
  4. INTESTACY, WILLS AND DONATIVE TRANSFERS
  5. UNIFORM DISCLAIMER OF PROPERTY INTERESTS ACT
  6. Disclaimer by appointee, object or taker in default of exercise of power of appointment

Checkout our iOS App for a better way to browser and research.

§2-910. Disclaimer by appointee, object or taker in default of exercise of power of appointment

1.  Disclaimer by appointee.  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.  

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

2.  Disclaimer by object or taker in default.  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.  

[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

SECTION HISTORY

PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).


Download our app to see the most-to-date content.