Va. Code § 64.2-2709

Current with changes from the 2024 legislative session through ch. 845

Section 64.2-2709 - Presumption of unlimited authority

Subject to § 64.2-2711, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is:

1. Presently exercisable;

2. Exclusionary; and

3. Except as otherwise provided in § 64.2-2710, general.

Va. Code § 64.2-2709

2016, c. 266.

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