Illinois Code § 760 ILCS 3/1323

Powerholder's authority to revoke or amend exercise.
Open in Lexace · Ask the AI about this section
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. 

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
of appointment provide that the exercise is revocable or amendable.

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.