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Code · Illinois · Chapter 760 — TRUSTS AND FIDUCIARIES · Act 3

Sec. 1313. Substantial compliance with donor-imposed formal requirement.

80 words·~1 min read·/il/chapter-760/act-3/1313

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Sec. 1313. Substantial compliance with donor-imposed formal requirement. A powerholder's substantial compliance with a formal requirement of an 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.
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