Effect of disclaimer

Ind. Code § 32-17.5-8-6, under Limitation or Bar of Disclaimer.

Ind. Code § 32-17.5-8-6

Sec. 6. (a) A disclaimer of a power over property that is barred by this article is

ineffective. (b) A disclaimer of an interest in property that is barred by this article takes effect as a transfer of the interest disclaimed to the persons who would have taken the interest under this article had the disclaimer not been barred. As added by P.L.5-2003, SEC.1.