North Carolina Statutes

Chapter 31B Renunciation of Property and Renunciation of Fiduciary Powers Act

  • § 31B-1   Right to renounce succession
    (a) A person who succeeds to a property interest as: (1) Heir, or (2) Next of kin, or (3) Devisee, or (4) Legatee, or (5)...
  • § 31B-1A   Right to renounce fiduciary powers
    (a) Except as otherwise provided in the testamentary or nontestamentary instrument, a fiduciary under a testamentary or nontestamentary instrument may renounce, in whole or in...
  • § 31B-2   Time and place of filing renunciation
    (a) To be a qualified disclaimer for federal and State inheritance, estate, and gift tax purposes, an instrument renouncing a present interest shall be filed...
  • § 31B-3   Effect of renunciation
    (a) Unless the decedent, donee of a power of appointment, or creator of an interest under an inter vivos instrument has otherwise provided in the...
  • § 31B-4   Waiver and bar
    (a) The right to renounce property or an interest therein is barred by: (1) An assignment, conveyance, encumbrance, pledge, or transfer of the property or...
  • § 31B-5   Exclusiveness of remedy
    This Chapter does not exclude or abridge any other rights or procedures existing under any other statute or otherwise provided by law to waive, release,...
  • § 31B-6   Application of Chapter
    A present interest in property existing on October 1, 1975, as to which the time for filing a renunciation under this Chapter has not expired...
  • § 31B-7   Short title
    This Chapter may be cited as the Renunciation of Property and Renunciation of Fiduciary Powers Act. (1975, c. 371, s. 1; 1989 (Reg. Sess., 1990),...