1. (a) To be effective, a disclaimer must:

   1. (1) be in writing;
   2. (2) declare the disclaimer;
   3. (3) describe the interest or power disclaimed;
   4. (4) be signed by the person making the disclaimer; and
   5. (5) be delivered or filed in the manner provided by Subchapter C.
2. (b) A partial disclaimer may be expressed as a fraction, percentage, monetary amount, term of years, limitation of a power, or any other interest or estate in the property.

3. (c) A disclaimer is irrevocable on the later of the date the disclaimer:

   1. (1) is delivered or filed under Subchapter C; or
   2. (2) takes effect as provided in Sections 240.051-240.056.
4. (d) A disclaimer made under this chapter is not a transfer, assignment, or release.

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