(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.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 1 - General Provisions
Chapter 2 - Disclaimer Of Property
Subchapter 2 - Uniform Disclaimer of Property Interests Act (1999)
§ 28-2-204. Subchapter supplemented by other law
§ 28-2-205. Power to disclaim — General requirements, when irrevocable
§ 28-2-206. Disclaimer of interest in property
§ 28-2-207. Disclaimer of rights of survivorship in jointly held property
§ 28-2-208. Disclaimer of interest by trustee
§ 28-2-209. Disclaimer of power of appointment or other power not held in fiduciary capacity
§ 28-2-210. Disclaimer by appointee, object, or taker in default of exercise of power of appointment
§ 28-2-211. Disclaimer of power held in fiduciary capacity
§ 28-2-212. Delivery or filing
§ 28-2-213. When disclaimer barred or limited
§ 28-2-214. Tax-qualified disclaimer
§ 28-2-215. Disclaimer of interest in real property — Recording of disclaimer
§ 28-2-216. Minor, incompetent, or deceased beneficiary
§ 28-2-217. Relation to Electronic Signatures in Global and National Commerce Act