Texas Property Code

§ 240.006 — POWER TO DISCLAIM BY PERSON OTHER THAN FIDUCIARY

PR § 240.006Title 13. DISCLAIMER OF PROPERTY INTERESTS · Ch. 240. TEXAS UNIFORM DISCLAIMER OF PROPERTY INTERESTS ACT · Art. A. GENERAL PROVISIONS

Statute text

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(a)A person other than a fiduciary may disclaim, in whole or in part, any interest in or power over property, including a power of appointment.

(b)A person other than a fiduciary may disclaim an interest or power under this section even if the creator of the interest or power imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim.

Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 562 (H.B. 2428), Sec. 15, eff. September 1, 2015.