{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-128.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-128.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-128.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-128.html"}],"law_id":82059,"edition_id":1,"section_id":82059,"structure_id":15331,"section_number":"55.1-128","catch_line":"Prospective application","history":"2000, c. 714, \u00a7 55-12.5; 2019, c. 712; 2024, cc. 52, 123.","full_text":"A\n\nSections 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\n\nFor purposes of subsection A, the first sentence of subsection F of &#xA7; 55.1-124, and subdivision A 8 of &#xA7; 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.","order_by":null,"text":{"0":{"id":294073,"text":"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.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":294074,"text":"For purposes of subsection A, the first sentence of subsection F of &#xA7; 55.1-124, and subdivision A 8 of &#xA7; 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.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15331,"edition_id":1,"name":"Rule Against Perpetuities","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13391,"metadata":{},"date_created":"2026-06-26 03:54:01","date_modified":"2026-06-26 03:54:01","permalink":{"id":244873,"object_type":"structure","relational_id":15331,"identifier":"2","token":"55.1\/I\/1\/2","url":"\/55.1\/I\/1\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13391,"edition_id":1,"name":"Creation and Limitation of Estates","identifier":"1","label":"chapter","depth":3,"order_by":1,"parent_id":13327,"metadata":{},"date_created":"2026-06-26 03:44:47","date_modified":"2026-06-26 03:44:47","permalink":{"id":244773,"object_type":"structure","relational_id":13391,"identifier":"1","token":"55.1\/I\/1","url":"\/55.1\/I\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13327,"edition_id":1,"name":"Property Conveyances","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:44:39","date_modified":"2026-06-26 03:44:39","permalink":{"id":244771,"object_type":"structure","relational_id":13327,"identifier":"I","token":"55.1\/I","url":"\/55.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":73807,"structure_id":15331,"section_number":"55.1-124","catch_line":"Uniform Statutory Rule Against Perpetuities","url":"\/55.1-124\/","token":"55.1\/I\/1\/2\/55.1-124","metadata":false},{"id":77510,"structure_id":15331,"section_number":"55.1-125","catch_line":"When nonvested property interest or power of appointment created","url":"\/55.1-125\/","token":"55.1\/I\/1\/2\/55.1-125","metadata":false},{"id":70778,"structure_id":15331,"section_number":"55.1-126","catch_line":"Reformation","url":"\/55.1-126\/","token":"55.1\/I\/1\/2\/55.1-126","metadata":false},{"id":58366,"structure_id":15331,"section_number":"55.1-127","catch_line":"Exclusions from statutory rule against perpetuities","url":"\/55.1-127\/","token":"55.1\/I\/1\/2\/55.1-127","metadata":false},{"id":82059,"structure_id":15331,"section_number":"55.1-128","catch_line":"Prospective application","url":"\/55.1-128\/","token":"55.1\/I\/1\/2\/55.1-128","metadata":false},{"id":76055,"structure_id":15331,"section_number":"55.1-129","catch_line":"Uniformity of application and construction","url":"\/55.1-129\/","token":"55.1\/I\/1\/2\/55.1-129","metadata":false},{"id":71379,"structure_id":15331,"section_number":"55.1-130","catch_line":"Certain limitations construed","url":"\/55.1-130\/","token":"55.1\/I\/1\/2\/55.1-130","metadata":false},{"id":66314,"structure_id":15331,"section_number":"55.1-131","catch_line":"Employee trusts","url":"\/55.1-131\/","token":"55.1\/I\/1\/2\/55.1-131","metadata":false},{"id":74471,"structure_id":15331,"section_number":"55.1-132","catch_line":"Determination of \"lives in being\" for purpose of rule against perpetuities","url":"\/55.1-132\/","token":"55.1\/I\/1\/2\/55.1-132","metadata":false},{"id":80573,"structure_id":15331,"section_number":"55.1-133","catch_line":"Application of the rule against perpetuities to nondonative transfers","url":"\/55.1-133\/","token":"55.1\/I\/1\/2\/55.1-133","metadata":false}],"previous_section":{"id":58366,"structure_id":15331,"section_number":"55.1-127","catch_line":"Exclusions from statutory rule against perpetuities","url":"\/55.1-127\/","token":"55.1\/I\/1\/2\/55.1-127","metadata":false},"next_section":{"id":76055,"structure_id":15331,"section_number":"55.1-129","catch_line":"Uniformity of application and construction","url":"\/55.1-129\/","token":"55.1\/I\/1\/2\/55.1-129","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-128\/","history_text":"<p>This law was first created in 2000. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?001+ful+CHAP0714\">714<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d 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 \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2019, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?191+ful+CHAP0712\">712<\/a>; in 2024, chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?241+ful+CHAP0052\">52<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?241+ful+CHAP0123\">123<\/a>.<\/p>","references":[{"id":77510,"section_number":"55.1-125","catch_line":"When nonvested property interest or power of appointment created","order_by":null,"url":"\/55.1-125\/"}],"refers_to":[{"id":73807,"section_number":"55.1-124","catch_line":"Uniform Statutory Rule Against Perpetuities","order_by":null,"url":"\/55.1-124\/"},{"id":58366,"section_number":"55.1-127","catch_line":"Exclusions from statutory rule against perpetuities","order_by":null,"url":"\/55.1-127\/"},{"id":76055,"section_number":"55.1-129","catch_line":"Uniformity of application and construction","order_by":null,"url":"\/55.1-129\/"}],"permalink":{"id":244891,"object_type":"law","relational_id":82059,"identifier":"55.1-128","token":"55.1\/I\/1\/2\/55.1-128","url":"\/55.1-128\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-128\/","token":"55.1\/I\/1\/2\/55.1-128","dublin_core":{"Title":"Prospective application","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-128","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> Sections <a class=\"law\" title=\"Uniform Statutory Rule Against Perpetuities\" href=\"\/55.1-124\/\">55.1-124<\/a> through <a class=\"law\" title=\"Uniformity of application and construction\" href=\"\/55.1-129\/\">55.1-129<\/a> apply to a nonvested property interest or a power of appointment that is created on or after July 1, 2000. <a id=\"paragraph-294073\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-128\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> For purposes of subsection A, the first sentence of subsection F of &#xA7; <a class=\"law\" title=\"Uniform Statutory Rule Against Perpetuities\" href=\"\/55.1-124\/\">55.1-124<\/a>, and subdivision A 8 of &#xA7; <a class=\"law\" title=\"Exclusions from statutory rule against perpetuities\" href=\"\/55.1-127\/\">55.1-127<\/a>, 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. <a id=\"paragraph-294074\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-128\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPROSPECTIVE APPLICATION (\u00a7 55.1-128)\n\nA. Sections 55.1-124 through 55.1-129 apply to a nonvested property interest or\na power of appointment that is created on or after July 1, 2000.\n\nB. For purposes of subsection A, the first sentence of subsection F of &#xA7;\n55.1-124, and subdivision A 8 of &#xA7; 55.1-127, a nonvested property interest\nor a power of appointment created by the exercise of a power of appointment is\ncreated when the power is irrevocably exercised or when a revocable exercise\nbecomes irrevocable.\n\nHISTORY: 2000, c. 714, \u00a7 55-12.5; 2019, c. 712; 2024, cc. 52, 123.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}