NRS 120.270
Disclaimer by appointee, object or taker in default of exercise of power of appointment.

1.

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.

2.

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.

Source: Section 120.270 — Disclaimer by appointee, object or taker in default of exercise of power of appointment., https://www.leg.state.nv.us/NRS/NRS-120.html#NRS120Sec270.

120.100
Short title. 120.110
Definitions. 120.120
“Disclaimant” defined. 120.130
“Disclaimed interest” defined. 120.140
“Disclaimer” defined. 120.150
“Fiduciary” defined. 120.160
“Jointly held property” defined. 120.170
“Person” defined. 120.180
“State” defined. 120.190
“Trust” defined. 120.200
Scope. 120.210
Chapter supplemented by other law. 120.220
Power to disclaim 120.230
Disclaimer of interest in property. 120.240
Disclaimer of rights of survivorship in jointly held property. 120.250
Disclaimer of interest by trustee. 120.260
Disclaimer of power of appointment or other power not held in fiduciary capacity. 120.270
Disclaimer by appointee, object or taker in default of exercise of power of appointment. 120.280
Disclaimer of power held in fiduciary capacity. 120.290
Delivery or filing. 120.300
When disclaimer barred or limited. 120.310
Tax qualified disclaimer. 120.320
Recording of disclaimer. 120.330
Application to existing relationships. 120.340
Relation to Electronic Signatures in Global and National Commerce Act. 120.350
Uniformity of application and construction.

Last Updated

Feb. 5, 2021

§ 120.270’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_120.270

Original Source: Section 120.270 — Disclaimer by appointee, object or taker in default of exercise of power of appointment., https://www.leg.state.nv.us/NRS/NRS-120.html#NRS120Sec270 (last accessed Feb. 5, 2021).