Sec. 1313

760 ILCS 3/1313 — under Illinois Trust Code.

760 ILCS 3/1313

(760 ILCS 3/1313)

Sec. 1313. Substantial compliance with donor-imposed formal requirement. A powerholder's substantial compliance with a formal requirement of an 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. (Source: P.A. 101-48, eff. 1-1-20.)