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§ 9-204. Disclaimer of rights of survivorship in jointly held property

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 9. Special Provisions Relating to Distribution (Refs & Annos)
Subtitle 2. Maryland Uniform Disclaimer of Property Interests Act (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 9-204
§ 9-204. Disclaimer of rights of survivorship in jointly held property
Currentness
In general
(a) On the death of a holder of jointly held property, a surviving holder may disclaim in whole or in part, the greater of:
(1) A fractional share of the property determined by dividing the number one by the number of joint holders alive immediately before the death of the holder to whose death the disclaimer relates; or
(2) All of the property except that part of the value of the entire interest attributable to the contribution furnished by the disclaimant.
Disclaimer effective on death of holder of jointly held property
(b) A disclaimer under subsection (a) of this section takes effect as of the death of the holder of jointly held property to whose death the disclaimer relates.
Disclaimed interest passes as if disclaimant predeceased holder
(c) An interest in jointly held property disclaimed by a surviving holder of the property passes as if the disclaimant predeceased the holder to whose death the disclaimer relates.

Credits

Added by Acts 2004, c. 465, § 2, eff. Oct. 1, 2004. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
MD Code, Estates and Trusts, § 9-204, MD EST & TRST § 9-204
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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