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760 ILCS 3/1317

Selective allocation doctrine

Known as the Uniform Powers of Appointment Law

The act spans §§ 760-3-1301 to 760-3-1336 (36 sections).

P.A. 101-48, eff. 1-1-20.

If a powerholder exercises a power of appointment in a disposition that also disposes of property the powerholder owns, the owned property and the appointive property must be allocated in the permissible manner that best carries out the powerholder's intent.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.