Current through L. 2024, ch. 259
Section 14-10013 - When disclaimer barred or limitedA. A disclaimer is barred by a written waiver of the right to disclaim.B. A disclaimer of an interest in property is barred if any of the following events occurs before the disclaimer becomes effective:1. The disclaimant accepts the interest sought to be disclaimed.2. The disclaimant voluntarily assigns, conveys, encumbers, pledges or transfers the interest sought to be disclaimed or contracts to do so.3. A judicial sale of the interest sought to be disclaimed occurs.C. A disclaimer, in whole or in part, of the future exercise of a power held in a fiduciary capacity is not barred by its previous exercise.D. A disclaimer, in whole or in part, of the future exercise of a power not held in a fiduciary capacity is not barred by its previous exercise unless the power is exercisable in favor of the disclaimant.E. A disclaimer is barred or limited if so provided by law other than this chapter.F. A disclaimer of a power over property that is barred by this section is ineffective. A disclaimer of an interest in property that is barred by this section takes effect as a transfer of the interest disclaimed to the person who would have taken the interest under this chapter had the disclaimer not been barred.