527-16 Uniformity of application and construction.
§527-16 Uniformity of application and construction. In applying and construing this chapter, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among the states that enact similar uniform legislation. [L 2011, c 173, pt of §1]
527-17 Relation to Electronic Signatures in Global and National Commerce Act.
§527-17 Relation to Electronic Signatures in Global and National Commerce Act. This chapter modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, P.L. 106-229, title 15 United States Code chapter 96, but does not modify, limit, or supersede title 15 United States Code, section 7001(c), or authorize electronic delivery of […]
527-5 Transfer on death deed authorized.
§527-5 Transfer on death deed authorized. An individual may transfer property, effective at the transferor’s death, to one or more beneficiaries by a transfer on death deed; provided that, with respect to property of which any portion is registered in the land court, transfer is subject to the requirement in section 527-13(a)(1) regarding submittal of […]
526-6 Disclaimer of interest in property.
§526-6 Disclaimer of interest in property. (a) In this section: “Future interest” means an interest that takes effect in possession or enjoyment, if at all, later than the time of its creation. “Time of distribution” means the time when a disclaimed interest would have taken effect in possession or enjoyment. (b) Except for a disclaimer […]
526-7 Disclaimer of rights of survivorship in jointly held property.
§526-7 Disclaimer of rights of survivorship in jointly held property. (a) Upon the death of a holder of jointly held property, a surviving holder may disclaim, in whole or part, the greater of: (1) A fractional share of the property determined by dividing the number one by the number of joint holders alive immediately before […]
526-8 Disclaimer of interest by trustee.
§526-8 Disclaimer of interest by trustee. If a trustee disclaims an interest in property that otherwise would have become trust property, the interest does not become trust property. [L 2000, c 43, pt of §1]
526-9 Disclaimer of power of appointment or other power not held in fiduciary capacity.
§526-9 Disclaimer of power of appointment or other power not held in fiduciary capacity. If a holder disclaims a power of appointment or other power not held in a fiduciary capacity, the following rules apply: (1) If the holder has not exercised the power, the disclaimer takes effect as of the time the instrument creating […]
526-10 Disclaimer by appointee, object, or taker in default of exercise of power of appointment.
§526-10 Disclaimer by appointee, object, or taker in default of exercise of power of appointment. (a) A disclaimer of an interest in property by an appointee of a power of appointment takes effect as of the time the instrument by which the holder exercises the power becomes irrevocable. (b) A disclaimer of an interest in […]
526-11 Disclaimer of power held in fiduciary capacity.
§526-11 Disclaimer of power held in fiduciary capacity. (a) If a fiduciary disclaims a power held in a fiduciary capacity which has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable. (b) If a fiduciary disclaims a power held in a fiduciary capacity which has been […]
526-12 Delivery or filing.
§526-12 Delivery or filing. (a) In this section, “beneficiary designation” means an instrument, other than an instrument creating a trust, naming the beneficiary of: (1) An annuity or insurance policy; (2) An account with a designation for payment on death; (3) A security registered in beneficiary form; (4) A pension, profit-sharing, retirement, or other employment-related […]