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Maine Revised Statutes Title 18-C. Probate Code § 2-704. Power of appointment; compliance with specific reference requirement

Current as of January 01, 2025 | Updated by Findlaw Staff

A powerholder's substantial compliance with a formal requirement of appointment imposed in a governing instrument 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. Knows of and intends to exercise power. The powerholder knows of and intends to exercise the power; and

2. Does not impair a material purpose. The powerholder's manner of attempted exercise does not impair a material purpose of the donor in imposing the requirement.

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Cite this article: FindLaw.com - Maine Revised Statutes Title 18-C. Probate Code § 2-704. Power of appointment; compliance with specific reference requirement - last updated January 01, 2025 | https://codes.findlaw.com/me/title-18-c-probate-code/me-rev-st-tit-18-c-sect-2-704/

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