TCA § 31-7-113 — When disclaimer barred or limited

A disclaimer is barred by a written waiver of the right to disclaim. A disclaimer of an interest in property is barred if any of the following events occur before the disclaimer becomes effective: The disclaimant accepts the interest sought to be disclaimed; The disclaimant voluntarily assigns, conveys, encumbers, pledges, or transfers the interest sought to be disclaimed or contracts to do so; or A judicial sale of the interest sought to be disclaimed occurs. A disclaimer, in whole or part, of the future exercise of a power held in a fiduciary capacity is not barred by its previous exercise. Unless the power is exercisable in favor of the disclaimant, a disclaimer, in whole or part, of the future exercise of a power not held in a fiduciary capacity is not barred by its previous exercise. A disclaimer is barred or limited if so provided by law other than this chapter. A disclaimer of a power over property which is barred by this section is ineffective. A disclaimer of an interest in property which is barred by this section takes effect as a transfer of the interest disclaimed to the persons who would have taken the interest under this chapter had the disclaimer not been barred.