Code of Virginia § 64.2-2608. Disclaimer by appointee, object, or taker in default of exercise of power of appointment.
79 words·~1 min read·
/va/title-64-2/chapter-26/64-2-2608·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
2003, c. 253 , § 64.1-196.9; 2012, c. 614 .