6201 - Right to disclaim.
CHAPTER 62 DISCLAIMERS Sec. 6201. Right to disclaim. 6202. Disclaimers by fiduciaries or agents. 6203. Interests subject to disclaimer. 6204. Filing, delivery and recording. 6205. Effect of disclaimer. 6206. Bar to disclaimer. 6207. Other statutes. Enactment. Chapter 62 was added July 9, 1976, P.L.562, No.136, effective immediately. Applicability. Section 3 of Act 136 of 1976 provided that Chapter 62 shall apply to any disclaimer hereafter made of any interest that would have devolved by reason of a transfer or death whether before or after the effective date of Act 136. Cross References. Chapter 62 is referred to in sections 5318, 5603, 6103 of this title. § 6201. Right to disclaim. A person to whom an interest in property would have devolved by whatever means, including a beneficiary under a will, an appointee under the exercise of a power of appointment, a person entitled to take by intestacy, a joint tenant with right of survivorship, a donee of an inter vivos transfer, a donee under a third-party beneficiary contract (including beneficiaries of life insurance and annuity policies and pension, profit-sharing and other employee benefit plans), and a person entitled to a disclaimed interest, may disclaim it in whole or in part by a written disclaimer which shall: (1) describe the interest disclaimed; (2) declare the disclaimer and extent thereof; and (3) be signed by the disclaimant. The right to disclaim shall exist notwithstanding any limitation on the interest in the nature of a spendthrift provision or similar restriction. (Oct. 12, 1984, P.L.929, No.182, eff. imd.; Dec. 1, 1994, P.L.655, No.102, eff. 60 days) 1994 Amendment. Section 10 of Act 102 provided that the amendment of section 6201 shall apply to joint tenancies with a right of survivorship created before, on or after the effective date of Act 102.