§ 34-5-7. Reliance on disclaimer.
(a) No person or other legal entity having legal title to or possession of the property,
an interest in which is being or has been disclaimed, shall be liable for any distribution
or other disposition made prior to the delivery to him, her, or it of a copy of the
disclaimer, pursuant to the requirements of § 34-5-6; and no person or other legal entity shall be liable for any good faith distribution
or other disposition made in reliance upon a disclaimer, the form of which is in accordance
with the requirements of § 34-5-4; and a copy of which has been delivered to him, her, or it pursuant to the requirements
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§ 34-5-7. Reliance on disclaimer.
(a) No person or other legal entity having legal title to or possession of the property,
an interest in which is being or has been disclaimed, shall be liable for any distribution
or other disposition made prior to the delivery to him, her, or it of a copy of the
disclaimer, pursuant to the requirements of § 34-5-6; and no person or other legal entity shall be liable for any good faith distribution
or other disposition made in reliance upon a disclaimer, the form of which is in accordance
with the requirements of § 34-5-4; and a copy of which has been delivered to him, her, or it pursuant to the requirements
of § 34-5-6.
(b) If a disclaimer certifies, with particularity, that none of the contingencies specified
in § 34-5-9, which would result in waiver or bar of the beneficiary's right to disclaim, are
applicable, any person or other legal entity having legal title to or possession of
the property, and any third party purchaser of the property, an interest in which
is being or has been disclaimed, shall be entitled to rely without further inquiry
upon the certifications.