Delaware Code Title 12 Sec. 615 – Tax qualified disclaimer
Current as of: 2023 | Check for updates
|
Other versions
Notwithstanding any other provision of this chapter, if as a result of a disclaimer or transfer the disclaimed or transferred interest is treated pursuant to the provisions of the Code, and the regulations promulgated thereunder, as never having been transferred to the disclaimant, then the disclaimer or transfer is effective as a disclaimer under this chapter.
Terms Used In Delaware Code Title 12 Sec. 615
- Code: means the Internal Revenue Code of 1986, as amended (26 U. See Delaware Code Title 12 Sec. 602
- Disclaimant: means the person to whom a disclaimed interest in property would have passed had the disclaimer not been made, or the person who would have had a power over property or with respect to property, including a power of appointment, had the disclaimer not been made. See Delaware Code Title 12 Sec. 602
- Disclaimer: means the refusal to accept an interest in or power over property. See Delaware Code Title 12 Sec. 602