Disclaiming power or interest in property
Sec. 1. A person may disclaim, in whole or part, any interest in or
power over property, including a power of appointment. A person
may disclaim the interest or power even if the creator of the interest
or power imposed:
(1) a spendthrift provision or similar restriction on transfer; or
(2) a restriction or limitation on the right to disclaim.
As added by P.L.5-2003, SEC.1.
Last modified: May 24, 2006