Montana Statutes
§ 72-7-304 — Substantial Compliance With Donor-Imposed Formal Requirement
Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 7 UNIFORM POWERS OF APPOINTMENT ACT·Part 3 Exercise of Power of Appointment
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.
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Montana § 72-7-304 (Substantial Compliance With Donor-Imposed Formal Requirement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 14, Ch. 293, L. 2015.
Nearby Sections
15
§ 72-7-101
Short Title§ 72-7-102
Definitions§ 72-7-103
Governing Law§ 72-7-104
Common Law And Principles Of Equity§ 72-7-201
Creation Of Power Of Appointment§ 72-7-202
Nontransferability§ 72-7-203
Presumption Of Unlimited Authority§ 72-7-205
Rules Of Classification§ 72-7-206
Power To Revoke Or Amend§ 72-7-305
Permissible Appointment