Montana Code 72-2-826. Disclaimer by appointee, object, or taker in default of exercise of power of appointment
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72-2-826. Disclaimer by appointee, object, or taker in default of exercise of power of appointment. (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 Montana Code 72-2-826
- Property: means real and personal property. See Montana Code 1-1-205
(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.