Section 46-10-10 - Disclaimer by appointee, object or taker in default of exercise of power of appointment. - New Mexico Statutes

46-10-10. 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.