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2022 Kentucky Revised Statutes
Chapter 390 - Uniform powers of appointment act
390.140 Substantial compliance with donor-imposed formal requirement.

Universal Citation: KY Rev Stat § 390.140 (2022)
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390.140 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. Effective: July 15, 2020 History: Created 2020 Ky. Acts ch. 41, sec. 13, effective July 15, 2020.
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