Montana § 72-2-826 Disclaimer By Appointee, Object, Or Taker In Default Of Exercise Of Power Of Appointment

Montana Statutes

§ 72-2-826 — Disclaimer By Appointee, Object, Or Taker In Default Of Exercise Of Power Of Appointment

Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 2 UPC -- INTESTACY, WILLS, AND DONATIVE TRANSFERS·Part 8 General Provisions Concerning Probate and Nonprobate Transfers

72-2-826 . Disclaimer by appointee, object, or taker in default of exercise of power of appointment.

(1)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.

(2)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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72-2-826 . Disclaimer by appointee, object, or taker in default of exercise of power of appointment. (1) 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.
(2) 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.

Montana § 72-2-826 (Disclaimer By Appointee, Object, Or Taker In Default Of Exercise Of Power Of Appointment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.