Texas Property Code 240.006 – Power to Disclaim by Person Other Than Fiduciary
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(a) A person other than a fiduciary may disclaim, in whole or in part, any interest in or power over property, including a power of appointment.
(b) A person other than a fiduciary may disclaim an interest or power under this section even if the creator of the interest or power imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim.
Terms Used In Texas Property Code 240.006
- Fiduciary: A trustee, executor, or administrator.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005