Wis. Stat. § 702.304

Current through Acts 2023-2024, ch. 272

Section 702.304 - 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 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.

Wis. Stat. § 702.304

Added by Acts 2023 ch, 127,s 118, eff. 3/23/2024.