Illinois Compiled Statutes 765 ILCS 325 Termination of Powers Act. Section 2

    (765 ILCS 325/2) (from Ch. 30, par. 178)

    Sec. 2. Right to release.

    The donee of a power may:

    (a) At any time completely release his power.

    (b) At any time or times release his powers; (1) As to any property which is subject thereto; (2) As to any one or more of the objects thereof; or (3) So as to limit in any other respect the extent to which it may be exercised.

(Source: Laws 1943, vol. 1, p. 6.)

Sections:  Previous  0.01  1  2  3  4  5  6  Next

Last modified: February 18, 2015