Sec. 240.057. TAX QUALIFIED DISCLAIMER. (a) In this section, "Internal Revenue Code" has the meaning assigned by Section 111.004.
(b) Notwithstanding any other provision of this chapter, if, as a result of a disclaimer or transfer, the disclaimed or transferred interest is treated under the Internal Revenue Code as never having been transferred to the disclaimant, the disclaimer or transfer is effective as a disclaimer under this chapter.
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 B. Type and Effect of Disclaimer
Section 240.051. Disclaimer of Interest in Property
Section 240.052. Disclaimer of Rights in Survivorship Property
Section 240.053. Disclaimer of Interest by Trustee
Section 240.054. Disclaimer of Power of Appointment or Other Power Not Held in Fiduciary Capacity
Section 240.056. Disclaimer of Power Held in Fiduciary Capacity