CODE OF VIRGINIA

DISCLAIMER BY APPOINTEE, OBJECT, OR TAKER IN DEFAULT OF EXERCISE OF POWER OF
APPOINTMENT (§ 64.2-2608)

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.

HISTORY: 2003, c. 253, § 64.1-196.9; 2012, c. 614.