Acceptance of interest precludes disclaimer.
1. A disclaimer may not be made after the beneficiary has accepted the interest to be disclaimed, but an acceptance does not preclude a beneficiary from thereafter disclaiming all or part of any interest to which he became entitled because another person disclaimed an interest, if the beneficiary had no knowledge of the interest.
2. For the purposes of this chapter, if a disclaimer has not theretofore been filed, a beneficiary has accepted an interest if he:
(a) Makes a voluntary assignment or transfer of, or contract to assign or transfer, the interest or any part thereof;
(b) Executes a written waiver of the right to disclaim the interest; or
(c) Sells or otherwise disposes of the interest or any part thereof pursuant to judicial process.
Last modified: February 27, 2006