Method of release
A powerholder of a releasable power of appointment may release the power in whole or in part:
(1) by substantial compliance with a method provided in the terms of the instrument creating the power; or
(2) if the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a writing manifesting the powerholder's intent by clear and convincing evidence.
| EnactedEn. SectionSec. 27, ChapterCh. 293, Laws ofL. 2015 (SB 253 - McNally, Mary (D) SD 24) |