§ 55.1-128 Prospective application
A. Sections 55.1-124 through 55.1-129 apply to a nonvested property interest or a power of appointment that is created on or after July 1, 2000.
B. For purposes of subsection A, the first sentence of subsection F of § 55.1-124, and subdivision A 8 of § 55.1-127, a nonvested property interest or a power of appointment created by the exercise of a power of appointment is created when the power is irrevocably exercised or when a revocable exercise becomes irrevocable.
History
This law was first created in 2000. The record of its establishment is cataloged in chapter 714 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 2019, chapter 712; in 2024, chapters 52 and 123.
2000, c. 714, § 55-12.5; 2019, c. 712; 2024, cc. 52, 123.