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2022 Nebraska Revised Statutes
Chapter 30 - Decedents' Estates; Protection of Persons and Property
30-4614 - Substantial compliance with donor-imposed formal requirement.
Universal Citation: NE Code § 30-4614 (2022)
30-4614. 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.
Source
- Laws 2021, LB501, ยง 37.
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