N.J. Stat. § 3B:9-9

Current through L. 2024, c. 80.
Section 3B:9-9 - Bar of right to disclaim
a. The right of an individual to disclaim property or any interest therein is barred by:
(1) an assignment, conveyance, encumbrance, pledge or transfer of the property or interest or a contract therefor; or
(2) a written waiver of the right to disclaim; or
(3) an acceptance of the property or interest or a benefit under it after actual knowledge that a property right has been conferred; or
(4) a sale of the property or interest that was seized under judicial process before the disclaimer is made; or
(5) the expiration of the permitted applicable perpetuities period; or
(6) a fraud on the individual's creditors as set forth in the "Uniform Voidable Transactions Act" (R.S. 25:2-20 et seq.).
b. The disclaimant shall not be barred from disclaiming all or any part of the balance of the property where the disclaimant has received a portion of the property and there still remains an interest which the disclaimant is yet to receive.
c. A bar to the right to disclaim a present interest in joint property does not bar the right to disclaim a future interest in that property.
d. The right to disclaim may be barred to the extent provided by other applicable statutory law.

N.J.S. § 3B:9-9

Amended by L. 2021, c. 92,s. 19, eff. 8/10/2021.
Amended by L. 2005, c. 160, s. 11, eff. 2/27/2005.
Amended by L. 2004, c. 132, s. 72, eff. 2/27/2005.
Amended L.1988, c.74, s.2.