CODE OF VIRGINIA

POWER TO CONTRACT; POWER OF APPOINTMENT NOT PRESENTLY EXERCISABLE (§ 64.2-2733)

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.

HISTORY: 2016, c. 266.