Va. Code § 55.1-126: Reformation
Where this section sits in the code
- Title 55.1. Property and Conveyances
- Subtitle I. Property Conveyances
- Chapter 1. Creation and Limitation of Estates
- Article 2. Rule Against Perpetuities
Upon the petition of an interested person, a circuit court in the county or city in which the affected property or the greater part of such property is located shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 90 years allowed by subdivision A 2, B 2, or C 2 of § 55.1-124 if:1. A nonvested property interest or a power of appointment becomes invalid under § 55.1-124;2. A class gift is not but might become invalid under § 55.1-124 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or3. A nonvested property interest that is not validated by subdivision A 1 of § 55.1-124 can vest but not within 90 years after its creation.2000, c. 714, § 55-12.3; 2019, c. 712.
Collected 2026-09-04T15:17:29Z. Source file · JSON