72-2-829. When disclaimer barred or limited. (1) A disclaimer is barred by a written waiver of the right to disclaim.
(2) A disclaimer of an interest in property is barred if any of the following events occur before the disclaimer becomes effective:
(a) the disclaimant accepts the interest sought to be disclaimed;
(b) the disclaimant voluntarily assigns, conveys, encumbers, pledges, or transfers the interest sought to be disclaimed or contracts to do so; or
(c) a judicial sale of the interest sought to be disclaimed occurs.
(3) 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.
(4) 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.
(5) A disclaimer is barred or limited if so provided by law other than 72-2-817 through 72-2-833.
(6) 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 72-2-817 through 72-2-833 had the disclaimer not been barred.
History: En. Sec. 51, Ch. 313, L. 2019.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 2. Upc -- Intestacy, Wills, and Donative Transfers
Part 8. General Provisions Concerning Probate and Nonprobate Transfers
72-2-805. through 72-2-810 reserved
72-2-812. Effect of divorce, annulment, or decree of separation
72-2-815. Reformation to correct mistakes
72-2-816. Modification to achieve transferor's tax objectives
72-2-820. Sections supplemented by other law
72-2-821. Power to disclaim -- general requirements -- when revocable
72-2-822. Disclaimer of interest in property
72-2-823. Disclaimer of rights of survivorship in jointly held property
72-2-824. Disclaimer of interest by trustee
72-2-825. Disclaimer of power of appointment or other power not held in fiduciary capacity
72-2-826. Disclaimer by appointee, object, or taker in default of exercise of power of appointment
72-2-827. Disclaimer of power held in fiduciary capacity
72-2-829. When disclaimer barred or limited
72-2-830. Tax qualified disclaimer
72-2-831. Recording of disclaimer
72-2-832. Application to existing relationships
72-2-833. Relation to electronic signatures in global and national commerce act