§ 34-5-1 - Definitions.
SECTION 34-5-1
§ 34-5-1 Definitions. – The following words as used in this chapter shall have these meanings:
(1) "Beneficiary" means any person to whom, and any estate,trust, corporation, or other legal entity to which, an interest in propertywould pass in any manner described in § 34-5-2, except for the executionand filing of a disclaimer in accordance with the provisions of this chapter.
(2) An "interest in property" which may be disclaimed shallinclude:
(i) Any legal or equitable interest or estate, whetherpresent, future, or contingent, in any real or personal property, or in anyfractional part, share, or portion thereof, or in any dollar amount thereof, orin any specific asset or assets thereof;
(ii) Any fractional part, share or portion of any interestdescribed in subdivision (i), or remainder or life estate or other lesserestate therein.