Disclaiming power or interest in property
Known as the Uniform Disclaimer of Property Interests Act
The act spans §§ 32-17.5-10-1 to 32-17.5-9-1 (49 sections).
Applied in 1 court decision — leading case Estate of Highfill v. Highfill (2005)
Most recently applied in Estate of Highfill v. Highfill (December 2005)
As added by P.L.5-2003, SEC.1.
Sec. 1. A person may disclaim, in whole or part, any interest in or power over property, including a power of appointment. A person may disclaim the interest or power even if the creator of the interest or power imposed:
(1) a spendthrift provision or similar restriction on transfer; or
(2) a restriction or limitation on the right to disclaim.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.