Sec. 45a-571. (Formerly Sec. 45-123). Effect of release of one donee upon other donees. - Connecticut Statutes

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Statutes > Connecticut > Title45a > Chap802f > Sec45a-571

      Sec. 45a-571. (Formerly Sec. 45-123). Effect of release of one donee upon other donees. If a power of appointment releasable according to section 45a-568 is or may be exercisable by two or more persons in conjunction with one another or successively, a release or disclaimer of the power, in whole or in part, executed and delivered or filed, in accordance with section 45a-569, by any one of the donees of the power, shall, subject to the provisions of section 45a-569, be effective to release or disclaim, to the extent therein provided, all right of such person to exercise, or to participate in the exercise of, the power, but, unless the instrument creating the power otherwise provides, shall not prevent or limit the exercise or participation in the exercise thereof by the other donee or donees thereof.

      (1949 Rev., S. 6912; P.A. 80-476, S. 338.)

      History: P.A. 80-476 made no substantive change; Sec. 45-123 transferred to Sec. 45a-571 in 1991.

State Codes and Statutes

Statutes > Connecticut > Title45a > Chap802f > Sec45a-571

      Sec. 45a-571. (Formerly Sec. 45-123). Effect of release of one donee upon other donees. If a power of appointment releasable according to section 45a-568 is or may be exercisable by two or more persons in conjunction with one another or successively, a release or disclaimer of the power, in whole or in part, executed and delivered or filed, in accordance with section 45a-569, by any one of the donees of the power, shall, subject to the provisions of section 45a-569, be effective to release or disclaim, to the extent therein provided, all right of such person to exercise, or to participate in the exercise of, the power, but, unless the instrument creating the power otherwise provides, shall not prevent or limit the exercise or participation in the exercise thereof by the other donee or donees thereof.

      (1949 Rev., S. 6912; P.A. 80-476, S. 338.)

      History: P.A. 80-476 made no substantive change; Sec. 45-123 transferred to Sec. 45a-571 in 1991.

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State Codes and Statutes

Statutes > Connecticut > Title45a > Chap802f > Sec45a-571

      Sec. 45a-571. (Formerly Sec. 45-123). Effect of release of one donee upon other donees. If a power of appointment releasable according to section 45a-568 is or may be exercisable by two or more persons in conjunction with one another or successively, a release or disclaimer of the power, in whole or in part, executed and delivered or filed, in accordance with section 45a-569, by any one of the donees of the power, shall, subject to the provisions of section 45a-569, be effective to release or disclaim, to the extent therein provided, all right of such person to exercise, or to participate in the exercise of, the power, but, unless the instrument creating the power otherwise provides, shall not prevent or limit the exercise or participation in the exercise thereof by the other donee or donees thereof.

      (1949 Rev., S. 6912; P.A. 80-476, S. 338.)

      History: P.A. 80-476 made no substantive change; Sec. 45-123 transferred to Sec. 45a-571 in 1991.