A powerholder may revoke or amend a release of a power of appointment only to the extent that: (1) the instrument of release is revocable by the powerholder; or (2) the powerholder reserves a power of revocation or amendment in the instrument of release.
760 ILCS 3/1328
Revocation or amendment of release
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.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.