§526-6 Disclaimer of interest in property. (a) In this section:
"Future interest" means an interest that takes effect in possession or enjoyment, if at all, later than the time of its creation.
"Time of distribution" means the time when a disclaimed interest would have taken effect in possession or enjoyment.
(b) Except for a disclaimer governed by section 526-7 or 526-8, the following rules apply to a disclaimer of an interest in property: