(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 any of the following events occur 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; or
(3) a judicial sale of the interest sought to be disclaimed occurs.
(c) A disclaimer, in whole or 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 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 subchapter.
(f) A disclaimer of a power over property which is barred by this section is ineffective. A disclaimer of an interest in property which is barred by this section takes effect as a transfer of the interest disclaimed to the persons who would have taken the interest under this subchapter had the disclaimer not been barred.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 1 - General Provisions
Chapter 2 - Disclaimer Of Property
Subchapter 2 - Uniform Disclaimer of Property Interests Act (1999)
§ 28-2-204. Subchapter supplemented by other law
§ 28-2-205. Power to disclaim — General requirements, when irrevocable
§ 28-2-206. Disclaimer of interest in property
§ 28-2-207. Disclaimer of rights of survivorship in jointly held property
§ 28-2-208. Disclaimer of interest by trustee
§ 28-2-209. Disclaimer of power of appointment or other power not held in fiduciary capacity
§ 28-2-210. Disclaimer by appointee, object, or taker in default of exercise of power of appointment
§ 28-2-211. Disclaimer of power held in fiduciary capacity
§ 28-2-212. Delivery or filing
§ 28-2-213. When disclaimer barred or limited
§ 28-2-214. Tax-qualified disclaimer
§ 28-2-215. Disclaimer of interest in real property — Recording of disclaimer
§ 28-2-216. Minor, incompetent, or deceased beneficiary
§ 28-2-217. Relation to Electronic Signatures in Global and National Commerce Act