§ 72-7-304

72-7-304. 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: (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. History: En. Sec. 14, Ch. 293, L. 2015.