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North Carolina General Statutes Chapter 31D. North Carolina Uniform Powers of Appointment Act § 31D-3-304. Substantial compliance with donor-imposed formal requirement

Current as of January 01, 2020 | Updated by FindLaw Staff

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.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 31D. North Carolina Uniform Powers of Appointment Act § 31D-3-304. Substantial compliance with donor-imposed formal requirement - last updated January 01, 2020 | https://codes.findlaw.com/nc/chapter-31d-north-carolina-uniform-powers-of-appointment-act/nc-gen-st-sect-31d-3-304/

Read this complete North Carolina General Statutes Chapter 31D. North Carolina Uniform Powers of Appointment Act § 31D-3-304. Substantial compliance with donor-imposed formal requirement on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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