Sec. 1. A person may disclaim, in whole or part, any interest in or power over property, including a power of appointment. A person may disclaim the interest or power even if the creator of the interest or power imposed:

(1) a spendthrift provision or similar restriction on transfer; or

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Terms Used In Indiana Code 32-17.5-3-1

(2) a restriction or limitation on the right to disclaim.

As added by P.L.5-2003, SEC.1.