760 ILCS 3/1330

(760 ILCS 3/1330)

Sec. 1330. Power to contract: power of appointment not presently exercisable. A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:

(1) is also the donor of the power; and

(2) has reserved the power in a revocable trust.

(Source: P.A. 101-48, eff. 1-1-20.)