Virginia Law

Code of Virginia

Table of Contents » Title 64.2. Wills, Trusts, and Fiduciaries » Subtitle V. Provisions Applicable to Probate and Nonprobate Transfers » Chapter 27. Uniform Powers of Appointment Act » Article 4. Disclaimer or Release; Contract to Appoint or Not to Appoint » § 64.2-2732. Power to contract; presently exercisable power of appointment

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Code of Virginia
Title 64.2. Wills, Trusts, and Fiduciaries
Chapter 27. Uniform Powers of Appointment Act

7/6/2022

§ 64.2-2732. Power to contract; presently exercisable power of appointment.

A powerholder of a presently exercisable power of appointment may contract:

1. Not to exercise the power; or

2. To exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

2016, c. 266.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.