Arkansas Code Title 28, Subtitle 1, Chapter 2, Subchapter 2 - Uniform Disclaimer of Property Interests Act (1999)

• § 28-2-201 - Short Title.
  This subchapter may be cited as the "Uniform Disclaimer of Property Interests Act (1999)."
• § 28-2-202 - Definitions.
  In this subchapter: (1) "Disclaimant" means the person to whom a disclaimed interest or power would have passed had the disclaimer not been made....
• § 28-2-203 - Scope.
  This subchapter applies to disclaimers of any interest in or power over property, whenever created.
• § 28-2-204 - Subchapter Supplemented by Other Law.
  (a) Unless displaced by a provision of this subchapter, the principles of law and equity supplement this subchapter.(b) This subchapter does not limit any...
• § 28-2-205 - Power to Disclaim -- General Requirements, When Irrevocable.
  (a) A person may disclaim, in whole or part, any interest in or power over property, including a power of appointment. A person may...
• § 28-2-206 - Disclaimer of Interest in Property.
  (a) In this section: (1) "Future interest" means an interest that takes effect in possession or enjoyment, if at all, later than the time...
• § 28-2-207 - Disclaimer of Rights of Survivorship in Jointly Held Property.
  (a) Upon the death of a holder of jointly held property, a surviving holder may disclaim, in whole or part, the greater of: (1)...
• § 28-2-208 - Disclaimer of Interest by Trustee.
  If a trustee disclaims an interest in property that otherwise would have become trust property, the interest does not become trust property.
• § 28-2-209 - Disclaimer of Power of Appointment or Other Power Not Held in Fiduciary Capacity.
  If a holder disclaims a power of appointment or other power not held in a fiduciary capacity, the following rules apply: (1) If the...
• § 28-2-210 - Disclaimer by Appointee, Object, or Taker in Default of Exercise of Power of Appointment.
  (a) A disclaimer of an interest in property by an appointee of a power of appointment takes effect as of the time the instrument...
• § 28-2-211 - Disclaimer of Power Held in Fiduciary Capacity.
  (a) If a fiduciary disclaims a power held in a fiduciary capacity which has not been exercised, the disclaimer takes effect as of the...
• § 28-2-212 - Delivery or Filing.
  (a) In this section, "beneficiary designation" means an instrument, other than an instrument creating a trust, naming the beneficiary of: (1) an annuity or...
• § 28-2-213 - When Disclaimer Barred or Limited.
  (a) A disclaimer is barred by a written waiver of the right to disclaim.(b) A disclaimer of an interest in property is barred if...
• § 28-2-214 - Tax-Qualified Disclaimer.
  Notwithstanding any other provision of this subchapter, if as a result of a disclaimer or transfer the disclaimed or transferred interest is treated pursuant...
• § 28-2-215 - Disclaimer of Interest in Real Property -- Recording of Disclaimer.
  (a) If real property or an interest therein is disclaimed, a copy of the disclaimer shall be recorded in the office of the circuit...
• § 28-2-216 - Minor, Incompetent, or Deceased Beneficiary.
  A guardian of the property or an executor or administrator of the estate of a minor, incompetent, or deceased beneficiary may, if the fiduciary...
• § 28-2-217 - Relation to Electronic Signatures in Global and National Commerce Act.
  This subchapter modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act (15 U.S.C. Section 7001 et seq.) but does...
• § 28-2-218 - Uniformity of Application and Construction.
  In applying and construing this Uniform Act, consideration must be given to the need to promote uniformity of the law with respect to its...
• § 28-2-219 - [Reserved.]
• § 28-2-220 - Effective Date.
  This act takes effect on September 1, 2003.
• § 28-2-221 - Repeals.
  Sections 28-2-101 -- 28-2-109 are repealed.

Last modified: November 15, 2016