Power to contract; presently exercisable power of appointment

  1. Law
  2. Code of Virginia
  3. Wills, Trusts, and Fiduciaries
  4. Uniform Powers of Appointment Act
  5. Power to contract; presently exercisable power of appointment

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A powerholder of a presently exercisable power of appointment may contract:

1. Not to exercise the power; or

2. To exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

2016, c. 266.


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