South Australian Current Acts

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LAW OF PROPERTY ACT 1936 - SECT 57

57—Disclaimer etc of powers

        (1)         Any person to whom any power, whether coupled with an interest or not, is given may by deed disclaim, release, or contract not to exercise the power, and after such disclaimer, release, or contract shall not be capable of exercising or joining in the exercise of the power.

        (2)         On such disclaimer, release, or contract the power may be exercised by the other person or persons or the survivor or survivors of the other persons to whom the power is given unless the contrary is expressed in the instrument creating the power.



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