[§526-13]  When disclaimer barred or
limited.  (a)  A disclaimer is barred by a written waiver of the right to
disclaim.



(b)  A disclaimer of an interest in property is
barred if any of the following events occur before the disclaimer becomes
effective:



(1)  The disclaimant accepts the interest sought to be
disclaimed;



(2)  The disclaimant voluntarily assigns, conveys,
encumbers, pledges, or transfers the interest sought to be disclaimed or
contracts to do so; or



(3)  A judicial sale of the interest sought to be
disclaimed occurs.



(c)  A disclaimer, in whole or part, of the
future exercise of a power held in a fiduciary capacity is not barred by its
previous exercise.



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



(e)  A disclaimer is barred or limited if so
provided by law other than this chapter.



(f)  A disclaimer of a power over property
which is barred by this section is ineffective.  A disclaimer of an interest in
property which is barred by this section takes effect as a transfer of the
interest disclaimed to the persons who would have taken the interest under this
chapter had the disclaimer not been barred. [L 2000, c 43, pt of §1]