Power to contract: presently exercisable power of appointment

(760 ILCS 3/1329)

    Sec. 1329. Power to contract: presently exercisable power of appointment. A powerholder of a presently exercisable power of appointment may contract:

        (1) not to exercise the power; or

        (2) to exercise the power if the contract when made     does not confer a benefit on an impermissible appointee. (Source: P.A. 101-48, eff. 1-1-20.)