ROBERT L. EHRLICH, JR., Governor

Ch. 465

CHAPTER 465
(Senate Bill 541)

AN ACT concerning

Maryland Uniform Disclaimer of Property Interests Act

FOR the purpose of revising the procedures for disclaimers of succession to property
interests created by will, intestacy, or the exercise of testamentary powers of
appointment; allowing certain fiduciaries the ability to disclaim certain
interests and certain powers; providing for certain rules applying to a disclaimer
of a certain interest in property; providing for a disclaimer of rights of
survivorship in certain jointly held property; providing for a disclaimer of
interest by a certain trustee; providing for a disclaimer of power of appointment
or power not held in a fiduciary capacity; providing for a disclaimer by a certain
appointee, certain object, or certain taker in default exercise of power of
appointment; providing for a disclaimer of power held in certain fiduciary
capacity; requiring the delivery or filing of certain disclaimers under certain
circumstances; requiring that certain disclaimers be barred or limited under
certain circumstances; providing for a tax qualified disclaimer; allowing the
recordation of a certain disclaimer; providing for the application of this Act;
defining certain terms; providing that the provisions of this Act are severable;
and generally relating to revising the procedures for disclaimers of succession to
property interests and powers of appointment.

BY repealing

Article - Estates and Trusts

Section 9-201 through 9-209, inclusive

Annotated Code of Maryland

(2001 Replacement Volume and 2003 Supplement)

BY adding to

Article - Estates and Trusts

Section 9-201 through 9-216, inclusive

Annotated Code of Maryland

(2001 Replacement Volume and 2003 Supplement)

BY repealing and reenacting, with amendments,
Article - Estates and Trusts
Section 13-204(a)(4)(ii)
Annotated Code of Maryland
(2001 Replacement Volume and 2003 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section(s) 9-201 through 9-209, inclusive, of Article - Estates
and Trusts of the Annotated Code of Maryland be repealed.

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