Indiana Code 32-17.5-7-8. Disclaimer by object or taker in default of exercise of power of appointment
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Sec. 8. (a) This section applies to a disclaimer of an interest in property by:
(2) a taker in default;
(1) an object; or
Terms Used In Indiana Code 32-17.5-7-8
- Fiduciary: A trustee, executor, or administrator.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
of exercise of a power of appointment.
(b) At any time after the power was created, the disclaimer must be:
(1) delivered to the holder of the power or to the fiduciary acting under the instrument that created the power; or
(2) filed with a court having authority to appoint a fiduciary if no fiduciary is then serving.
As added by P.L.5-2003, SEC.1.