Article 28 – Disclaimer

(1) A 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).