Section 760 ILCS 3/1310 - Requisites for exercise of power of appointmentA power of appointment is exercised only:
(1) if the instrument exercising the power is valid under applicable law; (2) if the terms of the instrument exercising the power: (A) manifest the powerholder's intent to exercise the power; and (B) subject to Section 1313, satisfy the requirements of exercise, if any, imposed by the donor; and (3) to the extent the appointment is a permissible exercise of the power. Added by P.A. 101-0048,§ 1310, eff. 1/1/2020.