(2-1111) Disclaimer of powers held in fiduciary capacity
N.D. Cent. Code § 30.1-10.1-08
in effect30.1-10.1-08. (2-1111) Disclaimer of powers held in fiduciary capacity
1. If a fiduciary disclaims a power held in a fiduciary capacity which has not been
exercised, the disclaimer takes effect as of the time the instrument creating the power
becomes irrevocable.
2. If a fiduciary disclaims a power held in a fiduciary capacity which has been exercised,
the disclaimer takes effect immediately after the last exercise of the power.
3. A disclaimer under this section is effective as to other fiduciaries 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t30-1c10-1.pdf#nameddest=30p1-10p1-08Fetched: 10/16/2026