Illinois Statutes
§ 1329
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
Power to contract: presently exercisable power of appointment. A powerholder of a presently exercisable power of appointment may contract:
(1)not to exercise the power; or (2) to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.
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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