(a) On the death of a holder of jointly held property, a surviving holder may disclaim in whole or in part, the greater of:
(1) A fractional share of the property determined by dividing the number one by the number of joint holders alive immediately before the death of the holder to whose death the disclaimer relates; or
(2) All of the property except that part of the value of the entire interest attributable to the contribution furnished by the disclaimant.
(b) A disclaimer under subsection (a) of this section takes effect as of the death of the holder of jointly held property to whose death the disclaimer relates.
(c) An interest in jointly held property disclaimed by a surviving holder of the property passes as if the disclaimant predeceased the holder to whose death the disclaimer relates.
Structure Maryland Statutes
Title 9 - Special Provisions Relating to Distribution
Subtitle 2 - Maryland Uniform Disclaimer of Property Interests Act
Section 9-202 - Disclaimer in General
Section 9-203 - Effect of Disclaimer
Section 9-205 - Disclaimer by Trustees
Section 9-206 - Holder Disclaiming Power of Appointment or Other Non-Fiduciary Power
Section 9-207 - Disclaimer by Appointee of Power of Appointment or by Object or Taker in Default
Section 9-208 - Fiduciaries -- Time of Taking Effect; Effectiveness as to Other Fiduciaries
Section 9-209 - Delivery and Effectiveness
Section 9-211 - Effect of Federal Laws and Regulations
Section 9-212 - Filing, Recording, Registering
Section 9-213 - Unexercised Disclaimers Under Former Provisions