—(1) A person to whom any power, whether coupled with any interest or not, is given may by deed disclaim the power, and after disclaimer shall not be capable of exercising or joining in the exercise of the power.
(2) On such disclaimer, 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.
(3) This section shall apply to powers created by instruments coming into operation before, on or after 1st August 1886.
—(1) A deed executed in the presence of or attested by two or more witnesses, in the manner in which deeds are ordinarily executed and attested, is so far as respects the execution and attestation thereof a valid execution of a power of appointment by deed or by any instrument in writing, not testamentary, notwithstanding that it is expressly required that a deed or instrument in writing, made in exercise of the power, is to be executed or attested with some additional or other form of execution or attestation or solemnity.
(2) This section shall not operate to defeat any direction in the instrument creating the power that the consent of any particular person is to be necessary to a valid execution, or that in order to give validity to any appointment, any act is to be performed having no relation to the mode of executing and attesting the instrument.
(3) This section shall not prevent the donee of a power from executing it in accordance with the power by writing, or otherwise than by an instrument executed and attested as an ordinary deed, and where a power is so executed this section shall not apply.
(4) This section shall apply to powers created by instruments coming into operation before, on or after 1st August 1886.