N.M. Stat. § 45-2-704

Power of appointment; compliance with specific reference

Last amended: 2019Year: 2026Length: 73 wordsOfficial source
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, is sufficient if: A. the powerholder knows of and intends to exercise the power; and B. the powerholder's manner of attempted exercise does not impair a material purpose of the donor in imposing the requirement.
N.M. Stat. § 45-2-704: Power of appointment; compliance with specific reference | Justis AI