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.
(Added to NRS by 2007, 281)
Structure Nevada Revised Statutes
Chapter 120 - Disclaimer of Property Interests (Uniform Act)
NRS 120.120 - "Disclaimant" defined.
NRS 120.130 - "Disclaimed interest" defined.
NRS 120.140 - "Disclaimer" defined.
NRS 120.150 - "Fiduciary" defined.
NRS 120.160 - "Jointly held property" defined.
NRS 120.170 - "Person" defined.
NRS 120.180 - "State" defined.
NRS 120.190 - "Trust" defined.
NRS 120.210 - Chapter supplemented by other law.
NRS 120.220 - Power to disclaim; general requirements; when irrevocable.
NRS 120.230 - Disclaimer of interest in property.
NRS 120.240 - Disclaimer of rights of survivorship in jointly held property.
NRS 120.250 - Disclaimer of interest by trustee.
NRS 120.260 - Disclaimer of power of appointment or other power not held in fiduciary capacity.
NRS 120.280 - Disclaimer of power held in fiduciary capacity.
NRS 120.290 - Delivery or filing.
NRS 120.300 - When disclaimer barred or limited.
NRS 120.310 - Tax qualified disclaimer.
NRS 120.320 - Recording of disclaimer.
NRS 120.330 - Application to existing relationships.
NRS 120.340 - Relation to Electronic Signatures in Global and National Commerce Act.