Nebraska § 30-4614 Substantial compliance with donor-imposed formal requirement

Nebraska Statutes

§ 30-4614 — Substantial compliance with donor-imposed formal requirement

Nebraska·Ch. 30 Decedents' Estates; Protection of Persons and Property

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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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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