760 ILCS 3/1327

Current through Public Act 103-1052

Section 760 ILCS 3/1327 - Method of release

A powerholder of a releasable power of appointment may release the power in whole or in part:

(1) by substantial compliance with a method provided in the terms of the instrument creating the power; or

(2) if the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by an instrument manifesting the powerholder's intent by clear and convincing evidence.

760 ILCS 3/1327

Added by P.A. 101-0048,§ 1327, eff. 1/1/2020.