Section 9
Who may be beneficiary.
About this Act
An Act to define and amend the law relating to Private Trusts and Trustees.
Every person capable of holding property may be a
beneficiary.
Disclaimer by beneficiary.--A proposed beneficiary may renounce his interest under the trust by disclaimer addressed to the trustee, or by setting up, with notice of the trust, a claim inconsistent therewith.
Disclaimer by beneficiary.--A proposed beneficiary may renounce his interest under the trust by disclaimer addressed to the trustee, or by setting up, with notice of the trust, a claim inconsistent therewith.