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§ 9-208. Disclaimer of power held in fiduciary capacity

West's Annotated Code of MarylandEstates and Trusts

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 9. Special Provisions Relating to Distribution (Refs & Annos)
Subtitle 2. Maryland Uniform Disclaimer of Property Interests Act (Refs & Annos)
MD Code, Estates and Trusts, § 9-208
§ 9-208. Disclaimer of power held in fiduciary capacity
Currentness
Power disclaimed that has not been exercised
(a) If a fiduciary disclaims a power held in a fiduciary capacity that has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable.
Power disclaimed that has been exercised
(b) If a fiduciary disclaims a power held in a fiduciary capacity that has been exercised, the disclaimer takes effect immediately after the last exercise of power.
Extension of disclaimer to another fiduciary
(c) A disclaimer under this section is effective as to another fiduciary if the disclaimer so provides and the fiduciary disclaiming has the authority to bind the estate, trust, or other person for whom the fiduciary is acting.

Credits

Added by Acts 2004, c. 465, § 2, eff. Oct. 1, 2004.
MD Code, Estates and Trusts, § 9-208, MD EST & TRST § 9-208
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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