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Ind. Code § 32-17.5-8-4

Power not held in fiduciary capacity

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).

As added by P.L.5-2003, SEC.1.

Sec. 4. A disclaimer, in whole or part, of the future exercise of a power not held in a fiduciary capacity is not barred by the previous exercise of the power unless the power is exercisable in favor of the disclaimant.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.