Code of Virginia § 64.2-2716. Substantial compliance with donor-imposed formal requirement.
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/va/title-64-2/chapter-27/64-2-2716·A 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 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.
2016, c. 266 .