760 ILCS 3/1303

Current through Public Act 103-1052

Section 760 ILCS 3/1303 - Governing law

Unless the terms of the instrument creating a power of appointment manifest a contrary intent:

(1) the creation, revocation, or amendment of the power is governed by the law of the donor's domicile at the relevant time; and

(2) the exercise, release, or disclaimer of the power, or the revocation or amendment of the exercise, release, or disclaimer of the power, is governed by the law of the powerholder's domicile at the relevant time.

760 ILCS 3/1303

Added by P.A. 101-0048,§ 1303, eff. 1/1/2020.