Neb. Rev. Stat. §§ 30-4614

Current with changes through the 2024 First Special Legislative Session

Section 30-4614 - 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.

Neb. Rev. Stat. §§ 30-4614

Laws 2021, LB 501, § 37.

Laws 2021, LB 501,§ 37, eff. 8/28/2021.