Indiana Code 32-17.5-6-3. Disclaimer by appointee of power of appointment
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Sec. 3. (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.
(1) persons eligible to receive property upon exercise of the power of appointment; or
(b) A disclaimer of an interest in property by:
Terms Used In Indiana Code 32-17.5-6-3
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) a taker in default of an exercise of a power of appointment;
takes effect as of the time the instrument creating the power becomes irrevocable.
As added by P.L.5-2003, SEC.1.