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 §§ 19-1501 to 19-1518 (18 sections).
Mar. 2, 2007, D.C
(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: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.