Illinois § 1323 Powerholder's authority to revoke or amend exercise

Illinois Statutes

§ 1323 — Powerholder's authority to revoke or amend exercise

Illinois § 1323

JurisdictionIllinois

TopicRIGHTS AND REMEDIES

Ch. 760TRUSTS AND FIDUCIARIES

Act 760 ILCS 3/Illinois Trust Code.

Art.Article 13 - Uniform Powers of Appointment Law

This text of Illinois § 1323 (Powerholder's authority to revoke or amend exercise) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

760 Ill. Comp. Stat. 1323 (2026).

Text

A powerholder may revoke or amend an exercise of a power of appointment only to the extent that:

(1)the powerholder reserves a power of revocation or amendment in the instrument exercising the power of appointment and, if the power is nongeneral, the terms of the instrument creating the power of appointment do not prohibit the reservation; or (2) the terms of the instrument creating the power of appointment provide that the exercise is revocable or amendable.

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A powerholder may revoke or amend an exercise of a power of appointment only to the extent that: (1) the powerholder reserves a power of revocation or amendment in the instrument exercising the power of appointment and, if the power is nongeneral, the terms of the instrument creating the power of appointment do not prohibit the reservation; or (2) the terms of the instrument creating the power of appointment provide that the exercise is revocable or amendable.