14-10009. Disclaimer of power of appointment
or other power not held in fiduciary capacity


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 and the disclaimer is of a power other
than a presently exercisable general power of appointment, the disclaimer takes effect
immediately after the last exercise of the power.


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