                                 CODE OF VIRGINIA

PROSPECTIVE APPLICATION (§ 55.1-128)

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 &#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.

HISTORY: 2000, c. 714, § 55-12.5; 2019, c. 712; 2024, cc. 52, 123.