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Code · Illinois · Chapter 760 — TRUSTS AND FIDUCIARIES · Act 3

Sec. 1327. Method of release.

82 words·~1 min read·/il/chapter-760/act-3/1327

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 1327. Method of release. A powerholder of a releasable power of appointment may release the power in whole or in part:
(1)by substantial compliance with a method provided in the terms of the instrument
creating the power; or
(2)if the terms of the instrument creating the power do not provide a method or the
method provided in the terms of the instrument is not expressly made exclusive, by an instrument manifesting the powerholder's intent by clear and convincing evidence.
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