390.140 Substantial compliance with donor-imposed formal requirement.
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/ky/chapter-390/390-140A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.