Article 28 – Disclaimer
Beneficiary may disclaim its whole interest.
(2) A disclaimer made under Article 28(1) must be in writing and must be irrevocable.
(3) Subject to the Terms of the
Trust, a Beneficiary under a Trust may disclaim part of its interest, whether or not it has received some benefit from its interest.
(4) A disclaimer made under Article 28(3) may, subject to the
Terms of the Trust, be revocable and it must be exercisable in the manner and under the circumstances so expressed.
|Amended (as from 24th December 2017).|