Sec. 1.678(d)-1 Renunciation of power.
Section 678(a) does not apply to a power which has been renounced or disclaimed within a reasonable time after the holder of the power first became aware of its existence.
[Adopted by T.D. 6217, 21 FR 10207, Dec. 20, 1956; republished by T.D. 6500, 25 FR 11814, Nov. 26, 1960.]