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Section 524.2-1111 — Disclaimer Of Power Of Appointment Or Other Power Not Held In A Fiduciary Capacity.

MN Stat § 524.2-1111 (2019) (N/A)
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If a holder disclaims a power of appointment or other power not held in a fiduciary capacity, the following rules apply:

(1) if the holder has not exercised the power, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable;

(2) if the holder has exercised the power, the disclaimer takes effect immediately after the last exercise of the power; and

(3) the instrument creating the power is construed as if the power expired when the disclaimer became effective.

History: 2009 c 67 s 11

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Section 524.2-1110 — Disclaimer Of Interest By Trustee.
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Section 524.2-1112 — Disclaimer By Appointee, Object, Or Taker In Default Of Exercise Of Power Of Appointment.