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Substantial compliance with donor-imposed formal requirement.

G.S. 31D-3-304
in effect
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§ 31D-3-304.  Substantial compliance with donor-imposed formal requirement. A power holder'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 both of the following apply: (1) The power holder knows of and intends to exercise the power. (2) The power holder's manner of attempted exercise of the power does not impair a material purpose of the donor in imposing the requirement. (2015-205, s. 3(a).)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_31D/GS_31D-3-304.htmlFetched: 10/19/2026

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