Sec. 240.006. POWER TO DISCLAIM BY PERSON OTHER THAN FIDUCIARY. (a) A person other than a fiduciary may disclaim, in whole or in part, any interest in or power over property, including a power of appointment.
(b) A person other than a fiduciary may disclaim an interest or power under this section even if the creator of the interest or power imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim.
Added by Acts 2015, 84th Leg., R.S., Ch. 562 (H.B. 2428), Sec. 15, eff. September 1, 2015.
Structure Texas Statutes
Title 13 - Disclaimer of Property Interests
Chapter 240 - Texas Uniform Disclaimer of Property Interests Act
Subchapter A. General Provisions
Section 240.003. Applicability of Chapter
Section 240.004. Chapter Supplemented by Other Law
Section 240.005. Uniformity of Application and Construction
Section 240.006. Power to Disclaim by Person Other Than Fiduciary
Section 240.008. Power to Disclaim by Fiduciary Acting in Fiduciary Capacity
Section 240.009. Power to Disclaim; General Requirements; When Irrevocable