Sec. 1306. Presumption of unlimited authority.
44 words·~1 min read·
/il/chapter-760/act-3/1306A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.