(760 ILCS 3/1320)
Disposition of unappointed property under released or unexercised nongeneral power.
To the extent a powerholder releases, ineffectively exercises, or fails to exercise a nongeneral power of appointment:
(1) the gift-in-default clause controls the
disposition of the unappointed property; or
(2) if there is no gift-in-default clause or to the
extent the clause is ineffective, the unappointed property:
(A) passes to the permissible appointees if:
(i) the permissible appointees are defined
(ii) the terms of the instrument creating
the power do not manifest a contrary intent; or
(B) if there is no taker under subparagraph (A),
passes under a reversionary interest to the donor or the donor's transferee or successor in interest.
(Source: P.A. 101-48, eff. 1-1-20