(760 ILCS 3/1306)
Sec. 1306. Presumption of unlimited authority. Subject to Section 1308, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is:
(1) presently exercisable;
(2) exclusionary; and
(3) except as otherwise provided in Section 1307, | ||
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(Source: P.A. 101-48, eff. 1-1-20.) |