Disclaimer Under Nontestamentary Instrument Act (760 ILCS 25/)

Chapter 760 — Trusts and Fiduciaries

This text is maintained by the Legislative Reference Bureau for legislative drafting purposes and is NOT the official text of the Illinois Compiled Statutes; the only official copy is the printed copy maintained by the Secretary of State.

Sec. 0.01. Short title

This Act may be cited as the Disclaimer Under Nontestamentary Instrument Act.

(Source: P.A. 86-1324.)

Sec. 1. Right to Disclaim Transfers Under Nontestamentary Instruments

A grantee, donee, person succeeding to a disclaimed interest, beneficiary under a nontestamentary instrument or contract or person designated to take pursuant to a power of appointment exercised by a nontestamentary instrument may disclaim in whole or in part the succession to any property, real or personal, or interest therein by delivering or filing a written disclaimer in the manner provided in Section 2-7 of the "Probate Act of 1975".

(Source: P.A. 83-426.)