AS 13.70.080

Disclaimer by appointee, object, or taker in default of exercise of power of appointment

Known as the Uniform Disclaimer of Property Interests Act

The act spans §§ 13–13 (18 sections).

(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.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.