1.  Power to disclaim.  A person may disclaim, in whole or part, any interest in or power over property, including a power of appointment. A person may disclaim the interest or power even if its creator imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim.  

2.  Fiduciary authority to disclaim.  Except to the extent a fiduciary's right to disclaim is expressly restricted or limited by another statute of this State or by the instrument creating the fiduciary relationship, a fiduciary may disclaim, in whole or part, any interest in or power over property, including a power of appointment, whether acting in a personal or representative capacity. A fiduciary may disclaim the interest or power even if its creator imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation on the right to disclaim or an instrument other than the instrument that created the fiduciary relationship imposed a restriction or limitation on the right to disclaim.  

3.  General requirements.  To be effective, a disclaimer must be in a writing or other record, declare the disclaimer, describe the interest or power disclaimed, be signed by the person making the disclaimer and be delivered or filed in the manner provided in section 2‑912. As used in this subsection, unless the context otherwise indicates, the following terms have the following meanings.  

4.  Partial disclaimer.  A partial disclaimer may be expressed as a fraction, percentage, monetary amount, term of years, limitation of a power or any other interest or estate in the property.  

5.  When irrevocable.  A disclaimer becomes irrevocable when it is delivered or filed pursuant to section 2‑912 or when it becomes effective as provided in sections 2‑906 to 2‑911, whichever occurs later.  

6.  Disclaimer not a transfer, assignment or release.  A disclaimer made under this Part is not a transfer, assignment or release.