Code of Virginia § 64.2-2710. Exception to presumption of unlimited authority.
58 words·~1 min read·
/va/title-64-2/chapter-27/64-2-2710·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:
1. The power is exercisable only at the powerholder's death; and
2. The permissible appointees of the power do not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.
2016, c. 266 .