Section 240.057 - Tax Qualified Disclaimer(a) In this section, "Internal Revenue Code" has the meaning assigned by Section 111.004.(b) Notwithstanding any other provision of this chapter, if, as a result of a disclaimer or transfer, the disclaimed or transferred interest is treated under the Internal Revenue Code as never having been transferred to the disclaimant, the disclaimer or transfer is effective as a disclaimer under this chapter.Tex. Prop. Code § 240.057
Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 562,Sec. 15, eff. 9/1/2015.