Capture doctrine: disposition of ineffectively appointed property under general power

760 ILCS 3/1318, under Uniform Powers of Appointment Law.

760 ILCS 3/1318

(760 ILCS 3/1318)

    Sec. 1318. Capture doctrine: disposition of ineffectively appointed property under general power. To the extent a powerholder of a general power of appointment, other than a power to revoke, amend, or withdraw property from a trust, makes an ineffective appointment:

        (1) the gift-in-default clause controls the     disposition of the ineffectively appointed property; or         (2) if there is no gift-in-default clause or to the     extent the clause is ineffective, the ineffectively appointed property:             (A) passes to:

                (i) the powerholder if the powerholder is a             permissible appointee and living; or                 (ii) if the powerholder is an impermissible             appointee or not living, the powerholder's estate if the estate is a permissible appointee; or             (B) if there is no taker under subparagraph (A),         passes under a reversionary interest to the donor or the donor's transferee or successor in interest. (Source: P.A. 101-48, eff. 1-1-20.)