Regulation 28 Effect of a disclaimer by official custodian
(1)
Where any property is disclaimed, it is treated as not having vested in the official custodian under regulation 23.
(2)
A disclaimer operates so as to terminate, from the date the notice of disclaimer is signed, the rights, interests and liabilities of the CIO in or in respect of the disclaimed property.
(3)
A disclaimer does not, except so far as is necessary for the purpose of releasing the CIO from any liability, affect the rights or liabilities of any other person.