(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.
CREDIT(S)
(Mar. 2, 2007, D.C. Law 16-205, § 2(b), 53 DCR 9063.)
HISTORICAL AND STATUTORY NOTES
Legislative History of Laws
For Law 16-205, see notes following § 19-1501.
Uniform Law
This section is based upon § 10 of the Uniform Disclaimer of Property Interests Act (1999). See 8A, Uniform Laws Annotated, Master Edition, or ULA Database on Westlaw.