§560:2-704 Power of appointment; meaning of specific reference requirement. A powerholder's substantial compliance with a formal requirement of appointment imposed in a governing instrument by the donor, including a requirement that the instrument exercising the power of appointment make reference or specific reference to the power shall be sufficient if: (1) The powerholder knows of and intends to exercise the power; and (2) The powerholder's manner of attempted exercise does not impair a material purpose of the donor in imposing the requirement. [L 1996, c 288, pt of §1; am L 2023, c 158, §29]
‹ Prev All Hawaii sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.