(a) You may renounce an interest in trust personalty in favor of any person or entity.
(b) The Secretary will maintain and continue to manage trust personalty transferred by renunciation to:
(1) A lineal descendant of the testator;
(2) A tribe; or
(3) Any Indian.
(c) The Secretary will directly disburse and distribute trust personalty transferred by renunciation to a person or entity other than those listed in paragraph (b) of this section.