Power to renounce interest

(1) A beneficiary may renounce his interest under a foundation charter or an endowment, whether or not he has already received any benefit from the foundation or endowment. (2) The renunciation must be in writing, may be temporary and may be revoked in the manner and circumstances set out therein. (3) A renunciation is not effective until it is received by the (4) A renunciation does not constitute a transfer of rights or benefits for any purpose.