As provided by the Uniform Disclaimer of Property Interests Act [45-2-1101 to 45-2-1116 NMSA 1978]:
A. a powerholder may disclaim all or part of a power of appointment; and
B. a permissible appointee, appointee or taker in default of appointment may disclaim all or part of an interest in appointive property.
History: Laws 2016, ch. 69, § 401.
Effective dates. — Laws 2016, ch. 69, § 727B made Laws 2016, ch. 69, §§ 101 through 603 and 724 effective January 1, 2017.
Structure New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 11 - Uniform Powers of Appointment
Article 4 - DISCLAIMER OR RELEASE; CONTRACT TO APPOINT OR NOT TO APPOINT
Section 46-11-401 - Disclaimer.
Section 46-11-402 - Authority to release.
Section 46-11-403 - Method of release.
Section 46-11-404 - Revocation or amendment of release.
Section 46-11-405 - Power to contract; presently exercisable power of appointment.
Section 46-11-406 - Power to contract; power of appointment not presently exercisable.
Section 46-11-407 - Remedy for breach of contract to appoint or not to appoint.