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Wisconsin Statutes Property (Ch. 700 to 710) § 702.304. Substantial compliance with donor-imposed formal requirement

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

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.

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Cite this article: FindLaw.com - Wisconsin Statutes Property (Ch. 700 to 710) § 702.304. Substantial compliance with donor-imposed formal requirement - last updated January 01, 2025 | https://codes.findlaw.com/wi/property-ch-700-to-710/wi-st-702-304/

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