§ 31D-3-304. Substantial compliance with donor-imposed formal requirement.
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§ 31D-3-304. Substantial compliance with donor-imposed formal requirement.
A power holder'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 both of the following apply:
(1)The power holder knows of and intends to exercise the power.
(2)The power holder's manner of attempted exercise of the power does not impair a material purpose of the donor in imposing the requirement. (2015-205, s. 3(a).)