Code of Virginia § 64.2-2733. Power to contract; power of appointment not presently exercisable.
48 words·~1 min read·
/va/title-64-2/chapter-27/64-2-2733A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
2016, c. 266 .