There is a newer version
of
this Section
2018 Mississippi Code
Title 91 - Trusts and Estates
Chapter 15 - Release of Powers of Appointment
§ 91-15-7. Manner of effecting release.
Universal Citation: MS Code § 91-15-7 (2018)
- A release of a power, whether partial or complete, shall be valid and effective with or without a consideration when the donee executes an instrument evidencing an intent to make the release, signed and acknowledged in the manner prescribed for the execution of deeds, and delivers the instrument or causes it to be delivered, either:
(a) To an adult person who may take any of the property which is subject to the power in the event of its non-exercise, or to one in whose favor it may be exercised after such partial release; or
(b) To any trustee or any co-trustee of the property which is subject to the power; or
(c) By filing the same for recordation in the chancery clerk’s office in the county and judicial district thereof in which any of the property is located, or in which either the donee or the trustee in control of the property resides, or in which the trustee has its principal office, or in which the instrument creating the power is probated or recorded.
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
