2010 Arizona Revised Statutes
Title 14 - Trusts, Estates and Protective Proceedings
14-10010 Disclaimer by appointee, object or taker in default of exercise of power of appointment

14-10010. 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.

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