Mont. Code § 72-7-304

Current through the 2023 Regular Session

Section 72-7-304 - 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.

§ 72-7-304, MCA

Added by Laws 2015, Ch. 293, Sec. 14, eff. 10/1/2015.