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Session Laws, 1978
Volume 736, Page 2203   View pdf image
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BLAIR LEE III,

Acting Governor

2203

specifying the effect of disclaimers; providing for
certain explanatory comments; and relating generally to
disclaimers of property interests.

BY repealing

Article - Estates and Trusts

Section 9-101

Annotated Code of Maryland

(1974 Volume and 1977 Supplement)

BY adding to

Article — Estates and Trusts

Section 9—201 through 9—209, inclusive, to be under

the new subtitle "Subtitle 2. Maryland Uniform
Disclaimer of Property Interests Act"

Annotated Code of Maryland

(1974 Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Estates and Trusts

[9-101.

(a)    If a person has not accepted possession as
legatee or heir, he may renounce testate or intestate
succession or both, in whole or in part, by delivering a
written renunciation to the register with a copy to the
personal representative.

(b)    Unless the decedent or donee of a power of
appointment has provided otherwise, the property or part or
interest renounced and any future interest which is to take
effect in possession or enjoyment at or after the
termination of the interest renounced, shall be distributed
as if the person renouncing had died intestate immediately
before the decedent. If the person renouncing was
designated to take pursuant to a power of appointment
exercised by a testamentary instrument, the property or part
or interest shall be distributed as if the person renouncing
had died immediately before the donee of the power.

(c)    In every case the renunciation relates back for
all purposes to the date of death of the decedent or donee.
Creditors of the renouncing legatee or heir have no interest
in the property renounced, whether their claims are based on
contract, tort, tax obligations, or otherwise.]

SUBTITLE 2. MARYLAND UNIFORM DISCLAIMER OF PROPERTY
INTERESTS ACT

9-201.

 

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Session Laws, 1978
Volume 736, Page 2203   View pdf image
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