(a) If a fiduciary disclaims a power held in a fiduciary capacity that 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 that 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.
Section: Previous 13.70.030 13.70.040 13.70.050 13.70.060 13.70.065 13.70.070 13.70.080 13.70.090 13.70.100 13.70.110 13.70.120 13.70.130 13.70.140 13.70.150 13.70.190 NextLast modified: November 15, 2016