3B:9-3. a. A disclaimer shall be in writing, signed and acknowledged by the person disclaiming, and shall:

   (1)   Describe the property, interest, power or discretion disclaimed;

   (2)   If the property interest disclaimed is real property, identify the municipality and county in which the real property is situated; and

   (3)   Declare the disclaimer and the extent thereof.

   b.   The disclaimer shall be made within the time prescribed by section 68 of P.L.2004, c.132 (C.3B:9-4.2).

   Amended 2004, c.132, s.65.