§ 1325 — Disclaimer

Illinois § 1325

• 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

As provided by Section 2-7 of the Probate Act of 1975: (1) A powerholder may disclaim all or part of a power of appointment. (2) A permissible appointee, appointee, or taker in default of appointment may disclaim all or part of an interest in appointive property.

Legislative History

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