760 ILCS 3/1313

Current through Public Act 103-1052

Section 760 ILCS 3/1313 - Substantial compliance with donor-imposed formal requirement

A powerholder's substantial compliance with a formal requirement of an 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.

760 ILCS 3/1313

Added by P.A. 101-0048,§ 1313, eff. 1/1/2020.