§ 2-1-404 — Disposition of disclaimed interest

(a) Unless otherwise expressly provided in the deed of
gift or will:
(i) The interest disclaimed reverts to the transferor
if he is living on the date of disclaimer; or
(ii) The interest disclaimed passes under the
residuary clause of transferor's will if he died prior to the
disclaimer. If the disclaimant is a residuary beneficiary under
the will the interest disclaimed passes as though the
disclaimant did not survive the transferor.
(b) If the transferor died intestate prior to the
disclaimer, the interest disclaimed passes under the laws of
descent and distribution as though the disclaimant did not
survive the transferor.
(c) If the interest disclaimed would have passed by right
of survivorship, the interest shall pass as though the
disclaimant was not a survivor.