Home/Illinois/Statutes/Topic: RIGHTS AND REMEDIES/Ch. 760: TRUSTS AND FIDUCIARIES/Act 760 ILCS 3/: Illinois Trust Code./Art.: Article 13 - Uniform Powers of Appointment Law/§ 1331
Illinois Statutes

§ 1331 — Remedy for breach of contract to appoint or not to appoint

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
The remedy for a powerholder's breach of a contract to appoint or not to appoint is limited to damages payable out of the appointive property or, if appropriate, specific performance of the contract.

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Illinois § 1331 (Remedy for breach of contract to appoint or not to appoint) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

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

Nearby Sections

15
§ 13
Care of Custodial Property
§ 1301
Article title
§ 1302
Definitions
§ 1303
Governing law
§ 1304
Creation of power of appointment
§ 1305
Nontransferability
§ 1306
Presumption of unlimited authority
§ 1307
Exception to presumption of unlimited authority
§ 1308
Rules of classification
§ 1309
Power to revoke or amend
§ 1310
Requisites for exercise of power of appointment
§ 1311
Intent to exercise: determining intent from residuary clause
§ 1312
Intent to exercise: after-acquired power
§ 1313
Substantial compliance with donor-imposed formal requirement
§ 1314
Permissible appointment
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