Section 45-2-1111 - Disclaimer of power held in fiduciary capacityA. If a fiduciary disclaims a power held in a fiduciary capacity that has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable.B. If a fiduciary disclaims a power held in a fiduciary capacity that has been exercised, the disclaimer takes effect immediately after the last exercise of the power.C. A disclaimer under this section is effective as to another fiduciary if the disclaimer so provides and the fiduciary disclaiming has the authority to bind the estate, trust or other person for whom the fiduciary is acting. Laws 2001, ch. 290, § 11; 1978 Comp., § 46-10-11 recompiled as § 45-2-1111 by Laws 2011, ch. 124, § 101. Laws 2001, ch. 290, § 11; 1978 Comp., §46-10-11 recompiled as § 45-2-1111 by Laws 2011, ch. 124, § 101.Renumbered from §46-10-11 and amended by 2011, c. 124,s. 91, eff. 1/1/2012.