[§526-10]  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. [L
2000, c 43, pt of §1]