The Peerage Act 1963 (1963 c. 48) is the Act of the Parliament of the United Kingdom that permitted peeresses in their own right and all Scottish hereditary peers to sit in the House of Lords, and which allows newly inherited hereditary peerages to be "disclaimed".
Read more about Peerage Act 1963: Background, Disclaiming Peerages, Other Provisions, List of Disclaimed Peerages
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“‘Tis much he dares,
And to that dauntless temper of his mind,
He hath a wisdom that doth guide his valor
To act in safety.”
—William Shakespeare (1564–1616)