Indiana Code 32-17.5-8-6. Effect of disclaimer
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Sec. 6. (a) A disclaimer of a power over property that is barred by this article is ineffective.
(b) A disclaimer of an interest in property that is barred by this article takes effect as a transfer of the interest disclaimed to the persons who would have taken the interest under this article had the disclaimer not been barred.
As added by P.L.5-2003, SEC.1.
Terms Used In Indiana Code 32-17.5-8-6
- Property: includes personal and real property. See Indiana Code 1-1-4-5