Hawaii Revised Statutes 526. Uniform Disclaimer of Property Interests Act

• 526-1 Short Title.
  This chapter may be cited as the "Uniform Disclaimer of Property Interests Act (1999)". [L 2000, c 43, pt of §1]
• 526-2 Definitions.
  In this chapter: "Disclaimant" means the person to whom a disclaimed interest or power would have passed had the disclaimer not been made. "Disclaimed...
• 526-3 Scope.
  This chapter applies to disclaimers of any interest in or power over property, whenever created. [L 2000, c 43, pt of §1]
• 526-4 Chapter Supplemented by Other Law.
  (a) Unless displaced by a provision of this chapter, the principles of law and equity supplement this chapter. (b) This chapter does not limit...
• 526-5 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...
• 526-6 Disclaimer of Interest in Property.
  (a) In this section: (1) "Time of distribution" means the time when a disclaimed interest would have taken effect in possession or enjoyment. (2)...
• 526-7 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)...
• 526-8 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. [L 2000,...
• 526-9 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...
• 526-10 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...
• 526-11 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...
• 526-12 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...
• 526-13 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...
• 526-14 Tax Qualified Disclaimer.
  Notwithstanding any other provision of this chapter, if as a result of a disclaimer or transfer the disclaimed or transferred interest is treated pursuant...
• 526-15 Recording of Disclaimer.
  If an instrument transferring an interest in or power over property subject to a disclaimer is required or permitted by law to be filed,...
• 526-16 Application to Existing Relationships.
  Except as otherwise provided in section 526-13, an interest in or power over property existing on July 1, 2000 as to which the time...

Last modified: October 27, 2016