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 §§ 563-B:1 to 563-B:9 (17 sections).
Source. 2021, 206:2, Pt
(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: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.