559.3 Release by one donee exclusive of others. If a power to appoint is or may be exercisable by two or more persons either in an individual or fiduciary capacity in conjunction with one another or successively, a release or disclaimerof the power in whole or in part executed by any one of the donees of the power shall beeffective to release or disclaim, to the extent therein provided, all right of such person toexercise or to participate in the exercise of the said power, but unless the instrument creatingthe power otherwise provides, shall not prevent or limit the exercise or participation in theexercise thereof by the other donee or donees. [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §559.3] Sat Dec 23 11:06:00 2023 Iowa Code 2024, Section 559.3 (14, 0)
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