New Hampshire § 563-B:10 Disclaimer of Power Held in Fiduciary Capacity

New Hampshire Statutes

§ 563-B:10 — Disclaimer of Power Held in Fiduciary Capacity

New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 563-B UNIFORM DISCLAIMER OF PROPERTY INTERESTS ACT·Subdivision ARTICLE 10Disclaimer of Power Held in Fiduciary Capacity

(a)If a fiduciary disclaims a power held in a fiduciary capacity which has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable.

(b)If a fiduciary disclaims a power held in a fiduciary capacity which has been exercised, the disclaimer takes effect immediately after the last exercise of the power.

(c)A disclaimer under this section is effective as to another fiduciary if the disclaimer so provides and the fiduciary disclaiming has the authority to bind the estate, trust, or other person for whom the fiduciary is acting.

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(a) If a fiduciary disclaims a power held in a fiduciary capacity which has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable.
(b) If a fiduciary disclaims a power held in a fiduciary capacity which has been exercised, the disclaimer takes effect immediately after the last exercise of the power.
(c) A disclaimer under this section is effective as to another fiduciary if the disclaimer so provides and the fiduciary disclaiming has the authority to bind the estate, trust, or other person for whom the fiduciary is acting.

New Hampshire § 563-B:10 (Disclaimer of Power Held in Fiduciary Capacity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.