Va. Code § 64.2-2711: Rules of classification
Where this section sits in the code
- Title 64.2. WILLS, TRUSTS, AND FIDUCIARIES
- Subtitle V. PROVISIONS APPLICABLE TO PROBATE AND NONPROBATE TRANSFERS
- Chapter 27. UNIFORM POWERS OF APPOINTMENT ACT
- Article 2. CREATION, REVOCATION, AND AMENDMENT OF POWER OF APPOINTMENT
A. As used in this section, "adverse party" means a person with a substantial beneficial interest in property which would be affected adversely by a powerholder's exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.B. If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.C. Only a power of appointment whose permissible appointees are defined and limited can be nonexclusionary.2016, c. 266.
Collected 2026-09-04T15:18:14Z. Source file · JSON