Sec. 1310. Requisites for exercise of power of appointment.
78 words·~1 min read·
/il/chapter-760/act-3/1310A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1310. Requisites for exercise of power of appointment. A power of appointment is exercised only:
(1)if the instrument exercising the power is valid under applicable law;
(2)if the terms of the instrument exercising the power:
(A)manifest the powerholder's intent to exercise the power; and
(B)subject to Section 1313, satisfy the requirements of exercise, if any, imposed
by the donor; and
(3)to the extent the appointment is a permissible exercise of the power.