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760 ILCS 3/1322

Appointment to taker in default

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 of a general power makes an appointment to a taker in default of appointment and the appointee would have taken the property under a gift-in-default clause had the property not been appointed, the power of appointment is deemed not to have been exercised, and the appointee takes under the gift-in-default clause.

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