N.M. Stat. § 46-11-304

Current through 2024, ch. 69

Section 46-11-304 - 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:

A. the powerholder knows of and intends to exercise the power; and

B. the powerholder's manner of attempted exercise of the power does not impair a material purpose of the donor in imposing the requirement.

NMS § 46-11-304

Laws 2016, ch. 69, § 304.

Added by 2016, c. 69,s. 304, eff. 1/1/2017.