2011 New Mexico Statutes
Chapter 45: Uniform Probate Code
Article 2: Intestate Succession and Wills, 45-2-101 through 45-2-1116
Section 45-2-1110: Disclaimer by appointee, object or taker in default of exercise of power of appointment. (Effective January 1, 2012.)
45-2-1110. Disclaimer by appointee, object or taker in default of exercise of power of appointment. (Effective January 1, 2012.)
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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