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Mississippi Statutes, Title 91

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Title 91, Trusts and Estates

18 chapters · 531 sections in this title.

All chapters in Title 91531 Ch 7, Executors and Administrators166 Ch 8, Mississippi Uniform Trust Code111 Ch 17, Mississippi Principal and Income Act…35 Ch 9, Trusts and Trustees32 Ch 20, Transfers to Minors25 Ch 27, Mississippi Real Property Transfer-O…19 Ch 23, Revised Uniform Fiduciary Access to …18 Ch 1, Descent and Distribution17 Ch 5, Wills and Testaments17 Ch 25, Mississippi Uniform Estate Tax Appor…14 Ch 21, Uniform Transfer-on-Death Security R…13 Ch 29, Effect of Dissolution of Marriage13 Ch 31, Uniform Partition of Heir Property13 Ch 11, Fiduciary Security Transfers11

11 sections·Filtered byTitle 91✕Ch 15✕

Miss. Code Ann. § 91-15-1 Citation of chapter
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This chapter may be cited as the “release of power of appointment law.”
Miss. Code Ann. § 91-15-11 Right of release not exclusive
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The rights and means provided in this chapter for the release of a power are not exclusive, but are in addition to all other rights and means of a donee to release a power in whole or in part.
Miss. Code Ann. § 91-15-13 Delivery of release as notice
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Any fiduciary or other person, association, or corporation having the possession or control of any property subject to a power of appointment shall be deemed to have notice of a release of the power when the original or a copy of the release is delivered to such fiduciary or othe…
Miss. Code Ann. § 91-15-15 Recordation as notice
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Any purchaser or mortgagee of real property subject to a power of appointment, who is without actual notice, shall be deemed to have notice of a release of the power when the original or duplicate original is filed for record in the chancery clerk’s office in the county and judic…

Miss. Code Ann. § 91-15-17 Manner of recording release

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Clerks of chancery courts are authorized and directed to record releases of powers of appointment in the books provided for the recordation of deeds, to index the same in the current and general indexes, the name of the donee being entered on the grantor index, and to charge ther…

Miss. Code Ann. § 91-15-19 Release not invalid for failure to comply with certain sections

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No release shall be invalid or ineffective because of failure to comply with either Section 91-15-13 or Section 91-15-15.

Miss. Code Ann. § 91-15-21 Controlling effect of chapter

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In so far as the provisions of this chapter may conflict with other laws or parts thereof, the provisions of this chapter shall control.

Miss. Code Ann. § 91-15-3 Definitions

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(a) When used in this chapter, unless the context otherwise requires:(a) “Power” includes any power to appoint or designate to whom property shall go, any power to invade property, any power to alter, amend, or revoke any instrument under which an estate or trust is held or creat…

Miss. Code Ann. § 91-15-5 Right to release

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(a) Unless the instrument creating the power specifically provides to the contrary, the donee of a power, whether now existing or hereafter created, may:(a) At any time completely release his power.(b) At any time or times release his power: (one) as to any property which is subj…

Miss. Code Ann. § 91-15-7 Manner of effecting release

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(a) A release of a power, whether partial or complete, shall be valid and effective with or without a consideration when the donee executes an instrument evidencing an intent to make the release, signed and acknowledged in the manner prescribed for the execution of deeds, and del…

Miss. Code Ann. § 91-15-9 Release heretofore made

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A release of a power executed prior to April 10, 1946, shall have the same effect as if this chapter had been in effect at the time the release was executed and delivered.