Nevada Property Rights and Transactions
Sec. § 120.300
When disclaimer barred or limited.


1.

A disclaimer is barred by a written waiver of the right to disclaim.

2.

A disclaimer of an interest in property is barred if any of the following events occur before the disclaimer becomes effective:

(a)

The disclaimant accepts the interest sought to be disclaimed;

(b)

The disclaimant voluntarily assigns, conveys, encumbers, pledges or transfers the interest sought to be disclaimed or contracts to do so; or

(c)

A judicial sale of the interest sought to be disclaimed occurs.

3.

A disclaimer, in whole or part, of the future exercise of a power held in a fiduciary capacity is not barred by its previous exercise.

4.

A disclaimer, in whole or part, of the future exercise of a power not held in a fiduciary capacity is not barred by its previous exercise unless the power is exercisable in favor of the disclaimant.

5.

A disclaimer is barred or limited if so provided by law other than this chapter.

6.

A disclaimer of a power over property which is barred by this section is ineffective. A disclaimer of an interest in property which is barred by this section takes effect as a transfer of the interest disclaimed to the persons who would have taken the interest under this chapter had the disclaimer not been barred.
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Last accessed
Sep. 20, 2019