Illinois § 1303 Governing law

Illinois Statutes

§ 1303 — Governing law

Illinois·Topic RIGHTS AND REMEDIES·Ch. 760 TRUSTS AND FIDUCIARIES·Act 760 ILCS 3/ Illinois Trust Code.·Art. Article 13 - Uniform Powers of Appointment 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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Illinois § 1303 (Governing law) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.