Illinois Statutes
§ 1330
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: power of appointment not presently exercisable. A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:
(1)is also the donor of the power; and (2) has reserved the power in a revocable trust.
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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