Illinois Statutes
§ 1321
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
Disposition of unappointed property if partial appointment to taker in default. Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.
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Legislative History
(Source: P.A. 101-48, eff. 1-1-20 .)
Nearby Sections
15
§ 1301
Article title§ 1302
Definitions§ 1303
Governing law§ 1305
Nontransferability§ 1308
Rules of classification§ 1309
Power to revoke or amend§ 1314
Permissible appointment