                                 CODE OF VIRGINIA

REQUISITES FOR EXERCISE OF POWER OF APPOINTMENT (§ 64.2-2713)

A power of appointment is exercised only:

1. If the instrument exercising the power is valid under applicable law;

2. If the terms of the instrument exercising the power:
			a. Manifest the powerholder&#8217;s intent to exercise the power; and
			b. Subject to &#xA7; 64.2-2716, satisfy the requirements of exercise, if any,
imposed by the donor; and

3. To the extent that the appointment is a permissible exercise of the power.

HISTORY: 2016, c. 266.