§ 64.2-2705 Governing law
Unless the terms of the instrument creating a power of appointment manifest a contrary intent:
1. The creating, revocation, or amendment of the power is governed by the law of the donor’s domicile at the relevant time; and
2. The exercise, release, or disclaimer of the power, or the revocation or amendment of the exercise, release, or disclaimer of the power is governed by the law of the powerholder’s domicile at the relevant time.
History
This law was first created in 2016. The record of its establishment is cataloged in chapter 266 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2016, c. 266.