Statutes > Arkansas Statutes > Title 28 - Wills, Estates, and Fiduciary Relationships > Subtitle 1 - General Provisions > Chapter 2 - Disclaimer Of Property > Subchapter 2 - Uniform Disclaimer of Property Interests Act (1999) > § 28-2-210 - Disclaimer by appointee, object, or taker in default of exercise of power of appointment.

§ 28-2-210 - Disclaimer by appointee, object, or taker in default of exercise of power of appointment.

28-2-210. Disclaimer by appointee, object, or taker in default of exercise of power of appointment.

(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.

(b) 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.