Disclaimer by appointee, object, or taker in default of exercise of power of appointment
Known as the Florida Uniform Disclaimer of Property Interests Act
The act spans §§ 739–739 (17 sections).
History.--s. 1, ch. 2005-108.
(1) 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.
(2) 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: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.