§ 1306 — Presumption of unlimited authority

Illinois § 1306

• Jurisdiction: 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

Text

Subject to Section 1308, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is: (1) presently exercisable; (2) exclusionary; and (3) except as otherwise provided in Section 1307, general.

Legislative History

(Source: P.A. 101-48, eff. 1-1-20 .)