Exception to presumption of unlimited authority

760 ILCS 3/1307, under Uniform Powers of Appointment Law.

760 ILCS 3/1307

(760 ILCS 3/1307)

    Sec. 1307. Exception to presumption of unlimited authority. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:

        (1) the power is exercisable only at the     powerholder's death; and         (2) the permissible appointees of the power are a     defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate. (Source: P.A. 101-48, eff. 1-1-20.)