Statutes, codes, and regulations
Illinois Compiled Statutes
RIGHTS AND REMEDIESChapter 760 - TRUSTS AND FIDUCIARIESAct 3 - ILLINOIS TRUST CODE
Article 13 - UNIFORM POWERS OF APPOINTMENT LAW
Section 760 ILCS 3/1321 - Disposition of unappointed property if partial appointment to taker in default

760 ILCS 3/1321

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Current through Public Act 103-1052
Section 760 ILCS 3/1321 - Disposition of unappointed property if partial appointment to taker in default

Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.

760 ILCS 3/1321

Added by P.A. 101-0048,§ 1321, eff. 1/1/2020.