                                 CODE OF VIRGINIA

PERMISSIBLE APPOINTMENT (§ 64.2-2717)

A. A powerholder of a general power of appointment that permits appointment to
the powerholder or the powerholder&#8217;s estate may make any appointment,
including an appointment in trust or creating a new power of appointment, that
the powerholder could make in disposing of the powerholder&#8217;s own property.

B. A powerholder of a general power of appointment that permits appointment only
to the creditors of the powerholder or of the powerholder&#8217;s estate may
appoint only to those creditors.

C. Unless the terms of the instrument creating a power of appointment manifest a
contrary intent, the powerholder of a nongeneral power may:

   1. Make an appointment in any form, including an appointment in trust, in
   favor of a permissible appointee;

   2. Create a general power or a nongeneral power in a permissible appointee; or

   3. Create a nongeneral power in an impermissible appointee to appoint to one
   or more of the permissible appointees of the original nongeneral power.

HISTORY: 2016, c. 266.