702.304 Substantial compliance with donor-imposed formal requirement.
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/wi/chapter-702/702-304-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
702.304 Substantial compliance with donor-imposed formal requirement. 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 all of the following apply:
(1)The powerholder knows of and intends to exercise the power of appointment.
(2)The powerholder’s manner of attempted exercise of the power of appointment does not impair a material purpose of the donor in imposing the requirement.