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.