HRS §526-14
Tax qualified disclaimer
This section says that if a disclaimer or transfer is treated as never having happened for federal tax purposes under the U.S. tax code, then it counts as a valid disclaimer under Hawaii law. It only covers that specific situation.
everyone
The statute, as written — Tax qualified disclaimer
Notwithstanding any other provision of this chapter, if as a result of a disclaimer or transfer the disclaimed or transferred interest is treated pursuant to the provisions of Title 26 of the United States Code, as now or hereafter amended, or any successor statute thereto, and the regulations promulgated thereunder, as never having been transferred to the disclaimant, then the disclaimer or transfer is effective as a disclaimer under this chapter.
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