(760 ILCS 3/1312)
Sec. 1312. Intent to exercise: after-acquired power. Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:
(1) except as otherwise provided in paragraph (2), a |
| blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and
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(2) if the powerholder is also the donor of the
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| power, the clause does not extend to the power unless there is no gift-in-default clause or it is ineffective.
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(Source: P.A. 101-48, eff. 1-1-20.)
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