Va. Code § 64.2-2733

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.