Intent to exercise: after-acquired power

760 ILCS 3/1312, under Uniform Powers of Appointment Law.

760 ILCS 3/1312

(760 ILCS 3/1312)

    Sec. 1312. Intent to exercise: after-acquired power. Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:

        (1) except as otherwise provided in paragraph (2), a     blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and         (2) if the powerholder is also the donor of the     power, the clause does not extend to the power unless there is no gift-in-default clause or it is ineffective. (Source: P.A. 101-48, eff. 1-1-20.)