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

Sec. 1329. Power to contract: presently exercisable power of appointment.

47 words·~1 min read·/il/chapter-760/act-3/1329

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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.
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