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Texas Property Code - PROP § 240.107. Disclaimer by Object or Taker in Default of Exercise of Power of Appointment

Current as of January 01, 2024 | Updated by Findlaw Staff

In the case of a disclaimer by an object or taker in default of an exercise of a power of appointment at any time after the power was created:

(1) the disclaimer must be delivered to the holder of the power or to the fiduciary acting under the instrument that created the power;  or

(2) if no fiduciary is then serving, the disclaimer must be filed:

(A) with a court having authority to appoint the fiduciary;  or

(B) in the official public records of the county in which the creator of the power is domiciled or was domiciled on the date of the creator's death.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 240.107. Disclaimer by Object or Taker in Default of Exercise of Power of Appointment - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-240-107/

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