Del. Code tit. 12 § 611

Current through 2024 Legislative Session Act Chapter 531
Section 611 - Disclaimer by appointee, permissible appointee, or taker in default of exercise of power of appointment
(a) A disclaimer of an interest in property by an appointee of such interest in property as a result of an exercise of a power of appointment by a holder takes effect as of the time the instrument by which the holder exercised the power becomes irrevocable.
(b) A disclaimer of an interest in property by a permissible appointee of an interest in property or by a taker of an interest in property as a result of a holder's failure to effectively exercise a power of appointment granted to such holder (a taker in default) takes effect as of the time the instrument creating the power of appointment becomes irrevocable.

12 Del. C. § 611

63 Del. Laws, c. 448, §1; 75 Del. Laws, c. 302, § 1.;