1. MCA Contents
  2. TITLE 72
  3. CHAPTER 2
  4. Part 8
  5. 72-2-826 Disclaimer by appointee, object, or taker in default of exercise of power of appointment

Montana Code Annotated 2023

TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

CHAPTER 2. UPC -- INTESTACY, WILLS, AND DONATIVE TRANSFERS

Part 8. General Provisions Concerning Probate and Nonprobate Transfers

Disclaimer By Appointee, Object, Or Taker In Default Of Exercise Of Power Of Appointment

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.

(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.

History: En. Sec. 48, Ch. 313, L. 2019.