                                 CODE OF VIRGINIA

APPLICATION OF THE RULE AGAINST PERPETUITIES TO NONDONATIVE TRANSFERS (§
55.1-133)

A. Except for the transactions set forth in &#xA7; 55.1-127, which are governed
by the provisions of &#xA7;&#xA7; 55.1-124 through 55.1-129, a nondonative
transfer of an interest in property fails, if the interest does not vest, if it
ever vests, within the period of the common-law rule against perpetuities.

B. The provisions of this section (i) in force on June 30, 2000, shall apply to
all donative interests created on or after July 1, 1982, and before July 1,
2000, and (ii) in force on July 1, 2000, shall apply to all nondonative
interests created on or after July 1, 1982.

HISTORY: 1982, c. 249, § 55-13.3; 2000, cc. 658, 714; 2013, c. 323; 2019, c.
712.