§ 19-1511. Disclaimer of power held in fiduciary capacity.

Current through October 23, 2012

(a) If a fiduciary disclaims a power held in a fiduciary capacity which has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable.

(b) If a fiduciary disclaims a power held in a fiduciary capacity which has been exercised, the disclaimer takes effect immediately after the last exercise of the power.

(c) A disclaimer under this section is effective as to another fiduciary if the disclaimer so provides and the fiduciary disclaiming has the authority to bind the estate, trust, or other person for whom the fiduciary is acting.

                
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(Mar. 2, 2007, D.C. Law 16-205, § 2(b), 53 DCR 9063.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For Law 16-205, see notes following § 19-1501.

Uniform Law

This section is based upon § 11 of the Uniform Disclaimer of Property Interests Act (1999). See 8A, Uniform Laws Annotated, Master Edition, or ULA Database on Westlaw.