Alaska Statutes Sec. 13.70.080 - Disclaimer by Appointee, Object, or Taker in Default of Exercise of Power of Appointment

(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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Last modified: November 15, 2016