Statutes, codes, and regulations
Code of Virginia
Title 64.2 - WILLS, TRUSTS, AND FIDUCIARIESSubtitle V - PROVISIONS APPLICABLE TO PROBATE AND NONPROBATE TRANSFERSChapter 27 - UNIFORM POWERS OF APPOINTMENT ACT
Article 4 - DISCLAIMER OR RELEASE; CONTRACT TO APPOINT OR NOT TO APPOINT
Section 64.2-2733 - Power to contract; power of appointment not presently exercisable

Va. Code § 64.2-2733

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Current with changes from the 2024 legislative session through ch. 845
Section 64.2-2733 - Power to contract; power of appointment not presently exercisable

A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:

1. Is also the donor of the power; and
2. Has reserved the power in a revocable trust.

Va. Code § 64.2-2733

2016, c. 266.
Added by Acts 2016 c. 266, § 1, eff. 7/1/2016.