Va. Code § 64.2-2716

Current with changes from the 2024 legislative session through ch. 845

Section 64.2-2716 - 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.

Va. Code § 64.2-2716

2016, c. 266.

Added by Acts 2016 c. 266, § 1, eff. 7/1/2016.