Oregon Statutes 105.639 – Disclaimer by appointee, object or taker in default of exercise of power of appointment
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(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.
Terms Used In Oregon Statutes 105.639
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(2) A disclaimer of an interest in property by a person who is an object of an exercise of a power of appointment, or by a person who is 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. [2001 c.245 § 10]
[1975 c.622 § 7; repealed by 2001 c.245 § 19]