§ 34-5-7. Reliance on disclaimer.
(a) No person or other legal entity having legal title to or possession of the property, an interest in which is being or has been disclaimed, shall be liable for any distribution or other disposition made prior to the delivery to him, her, or it of a copy of the disclaimer, pursuant to the requirements of § 34-5-6; and no person or other legal entity shall be liable for any good faith distribution or other disposition made in reliance upon a disclaimer, the form of which is in accordance with the requirements of § 34-5-4; and a copy of which has been delivered to him, her, or it pursuant to the requirements of § 34-5-6.
(b) If a disclaimer certifies, with particularity, that none of the contingencies specified in § 34-5-9, which would result in waiver or bar of the beneficiary’s right to disclaim, are applicable, any person or other legal entity having legal title to or possession of the property, and any third party purchaser of the property, an interest in which is being or has been disclaimed, shall be entitled to rely without further inquiry upon the certifications.
History of Section.P.L. 1980, ch. 392, § 2.
Structure Rhode Island General Laws
Chapter 34-5 - Disclaimer of Certain Property Interests
Section 34-5-1. - Definitions.
Section 34-5-2. - Disclaimer of interest in estate.
Section 34-5-3. - Disclaimer by fiduciaries.
Section 34-5-4. - Form of disclaimer.
Section 34-5-5. - Time for filing disclaimer.
Section 34-5-6. - Filing and service of disclaimer.
Section 34-5-7. - Reliance on disclaimer.
Section 34-5-8. - Disposition of disclaimed interest.
Section 34-5-9. - Waiver or bar to right to disclaim.