Iowa § 559.3 Release by one donee exclusive of others

Iowa Statutes

§ 559.3 — Release by one donee exclusive of others

Iowa § 559.3

Title XIVPROPERTY

Ch. 559POWER OF APPOINTMENT

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Bluebook

Iowa Code § 559.3 (2026).

Text

Ifapowertoappointisormaybeexercisablebytwoormorepersonseitherinanindividual
or fiduciary capacity in conjunction with one another or successively, a release or disclaimer
of the power in whole or in part executed by any one of the donees of the power shall be
effective to release or disclaim, to the extent therein provided, all right of such person to
exercise or to participate in the exercise of the said power, but unless the instrument creating

the power otherwise provides, shall not prevent or limit the exercise or participation in the
exercise thereof by the other donee or donees.

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Ifapowertoappointisormaybeexercisablebytwoormorepersonseitherinanindividual
or fiduciary capacity in conjunction with one another or successively, a release or disclaimer
of the power in whole or in part executed by any one of the donees of the power shall be
effective to release or disclaim, to the extent therein provided, all right of such person to
exercise or to participate in the exercise of the said power, but unless the instrument creating

the power otherwise provides, shall not prevent or limit the exercise or participation in the
exercise thereof by the other donee or donees.