Presumption of unlimited authority

760 ILCS 3/1306, under Uniform Powers of Appointment Law.

760 ILCS 3/1306

(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,     general. (Source: P.A. 101-48, eff. 1-1-20.)