Ariz. Rev. Stat. § 14-10010 – Disclaimer by appointee, object or taker in default of exercise of power of appointment | Midpage
§ 14-10010
Ariz. Rev. Stat. § 14-10010
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.