Texas § 240.057 TAX QUALIFIED DISCLAIMER.

Texas Statutes

§ 240.057 — TAX QUALIFIED DISCLAIMER.

Texas § 240.057

Code PRProperty Code

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Bluebook

Tex. Property Code Code Ann. § 240.057 (2026).

Text

Sec. 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.

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Sec. 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.