Transfer by Gift or Exercise of Power of Appointment
760 ILCS 20/5
in effect(760 ILCS 20/5) (from Ch. 110 1/2, par. 255) Sec. 5. Transfer by Gift or Exercise of Power of Appointment. A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to Section 10. (Source: P.A. 84-915.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026