§36-5-1. Release or disclaimer of general power of appointment.
Any general power, whether exercisable by will, by deed, by
will or deed, or otherwise, to appoint property, whether real or
personal or both, may be released or disclaimed by the person or
persons having such power, with or without consideration, wholly
or partially. Any such power may be released or disclaimed with
respect to the whole or any part of the property subject thereto;
and any such power may also be released or disclaimed in such
manner as to reduce, limit, or restrict the persons or objects,
or classes of persons or objects, to or among any one or more of
whom, but no others, the property subject to such power may be
appointed by an exercise thereof, as fully as the creator of such
power himself could have so reduced, limited or restricted the
same and with like effect as if he had.