Current through Chapter 381 of the 2024 Legislative Session
Section 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.Amended by 2021, 206:VI-10, eff. 8/10/2021. 2021, 206:2, Pt. VI, Sec. 10, eff. Aug. 10, 2021.