GroundRules
72-7-304: Substantial compliance with donor-imposed formal requirement.
Where this section sits in the code
- TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS
- CHAPTER 7. UNIFORM POWERS OF APPOINTMENT ACT
- Part 3. Exercise of Power of Appointment
A powerholder's substantial compliance with a formal requirement of appointment imposed by the donor, including a requirement that the instrument exercising the power of appointment make reference or specific reference to the power, is sufficient if:
(1) the powerholder knows of and intends to exercise the power; and
(2) the powerholder's manner of attempted exercise of the power does not impair a material purpose of the donor in imposing the requirement.
Collected 2026-09-14T04:59:09Z. Source file · JSON