{"law_id":"786780","section_number":"64.2-2609","catch_line":"Disclaimer of power held in fiduciary capacity","history":"2003, c. 253, \u00a7 64.1-196.10; 2012, c. 614.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/64.2-2609\/","refers_to":false,"url":"\/64.2-2609\/","token":"64.2\/V\/26\/64.2-2609","structure":{"1":{"id":"1131","name":"Uniform Disclaimer Of Property Interests Act","identifier":"26","label":"chapter","url":"\/64.2\/V\/26\/"},"2":{"id":"302","name":"Provisions Applicable To Probate And Nonprobate Transfers.","identifier":"V","label":"subtitle","url":"\/64.2\/V\/"},"3":{"id":"212","name":"Wills, Trusts, And Fiduciaries","identifier":"64.2","label":"title","url":"\/64.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"786780","structure_id":"1131","full_text":"A If a fiduciary disclaims a power held in a fiduciary capacity that has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable.\r\rB If a fiduciary disclaims a power held in a fiduciary capacity that has been exercised, the disclaimer takes effect immediately after the last exercise of the power.\r\rC A disclaimer under this section is effective as to another fiduciary if the disclaimer so provides and the fiduciary disclaiming has the authority to bind the estate, trust, or other person for whom the fiduciary is acting.\r\r","text":{"0":{"id":"2538245","text":"If a fiduciary disclaims a power held in a fiduciary capacity that has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2538246","text":"If a fiduciary disclaims a power held in a fiduciary capacity that has been exercised, the disclaimer takes effect immediately after the last exercise of the power.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1},"2":{"id":"2538247","text":"A disclaimer under this section is effective as to another fiduciary if the disclaimer so provides and the fiduciary disclaiming has the authority to bind the estate, trust, or other person for whom the fiduciary is acting.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1}},"ancestry":{"1":{"id":"1131","name":"Uniform Disclaimer Of Property Interests Act","identifier":"26","label":"chapter","url":"\/64.2\/V\/26\/"},"2":{"id":"302","name":"Provisions Applicable To Probate And Nonprobate Transfers.","identifier":"V","label":"subtitle","url":"\/64.2\/V\/"},"3":{"id":"212","name":"Wills, Trusts, And Fiduciaries","identifier":"64.2","label":"title","url":"\/64.2\/"}},"structure_contents":{"0":{"id":"774346","structure_id":"1131","section_number":"64.2-2600","catch_line":"Definitions","url":"\/64.2-2600\/","token":"64.2\/V\/26\/64.2-2600"},"1":{"id":"784492","structure_id":"1131","section_number":"64.2-2601","catch_line":"Scope","url":"\/64.2-2601\/","token":"64.2\/V\/26\/64.2-2601"},"2":{"id":"792769","structure_id":"1131","section_number":"64.2-2602","catch_line":"Chapter supplemented by other law","url":"\/64.2-2602\/","token":"64.2\/V\/26\/64.2-2602"},"3":{"id":"771719","structure_id":"1131","section_number":"64.2-2603","catch_line":"Power to disclaim; general requirements; when irrevocable","url":"\/64.2-2603\/","token":"64.2\/V\/26\/64.2-2603"},"4":{"id":"765980","structure_id":"1131","section_number":"64.2-2604","catch_line":"Disclaimer of interest in property","url":"\/64.2-2604\/","token":"64.2\/V\/26\/64.2-2604"},"5":{"id":"767638","structure_id":"1131","section_number":"64.2-2605","catch_line":"Disclaimer of rights of survivorship in jointly held property","url":"\/64.2-2605\/","token":"64.2\/V\/26\/64.2-2605"},"6":{"id":"774569","structure_id":"1131","section_number":"64.2-2606","catch_line":"Disclaimer of interest by trustee","url":"\/64.2-2606\/","token":"64.2\/V\/26\/64.2-2606"},"7":{"id":"779568","structure_id":"1131","section_number":"64.2-2607","catch_line":"Disclaimer of power of appointment or other power not held in a fiduciary capacity","url":"\/64.2-2607\/","token":"64.2\/V\/26\/64.2-2607"},"8":{"id":"792521","structure_id":"1131","section_number":"64.2-2608","catch_line":"Disclaimer by appointee, object, or taker in default of exercise of power of appointment","url":"\/64.2-2608\/","token":"64.2\/V\/26\/64.2-2608"},"9":{"id":"786780","structure_id":"1131","section_number":"64.2-2609","catch_line":"Disclaimer of power held in fiduciary capacity","url":"\/64.2-2609\/","token":"64.2\/V\/26\/64.2-2609"},"10":{"id":"768545","structure_id":"1131","section_number":"64.2-2610","catch_line":"Delivery or filing","url":"\/64.2-2610\/","token":"64.2\/V\/26\/64.2-2610"},"11":{"id":"789535","structure_id":"1131","section_number":"64.2-2611","catch_line":"When disclaimer barred or limited","url":"\/64.2-2611\/","token":"64.2\/V\/26\/64.2-2611"},"12":{"id":"783670","structure_id":"1131","section_number":"64.2-2612","catch_line":"Tax qualified disclaimer","url":"\/64.2-2612\/","token":"64.2\/V\/26\/64.2-2612"},"13":{"id":"776464","structure_id":"1131","section_number":"64.2-2613","catch_line":"Recording of disclaimer","url":"\/64.2-2613\/","token":"64.2\/V\/26\/64.2-2613"},"14":{"id":"789320","structure_id":"1131","section_number":"64.2-2614","catch_line":"Application to existing relationships","url":"\/64.2-2614\/","token":"64.2\/V\/26\/64.2-2614"}},"previous_section":{"id":"792521","structure_id":"1131","section_number":"64.2-2608","catch_line":"Disclaimer by appointee, object, or taker in default of exercise of power of appointment","url":"\/64.2-2608\/","token":"64.2\/V\/26\/64.2-2608"},"next_section":{"id":"768545","structure_id":"1131","section_number":"64.2-2610","catch_line":"Delivery or filing","url":"\/64.2-2610\/","token":"64.2\/V\/26\/64.2-2610"},"references":[{"id":"771719","section_number":"64.2-2603","catch_line":"Power to disclaim; general requirements; when irrevocable","url":"\/64.2-2603\/"}],"formats":{"txt":"\/64.2-2609.txt","json":"\/64.2-2609.json","xml":"\/64.2-2609.xml"},"dublin_core":{"Title":"Disclaimer of power held in fiduciary capacity","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-2609","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nDISCLAIMER OF POWER HELD IN FIDUCIARY CAPACITY (\u00a7 64.2-2609)\n\nA. If a fiduciary disclaims a power held in a fiduciary capacity that has not\nbeen exercised, the disclaimer takes effect as of the time the instrument\ncreating the power becomes irrevocable.\n\nB. If a fiduciary disclaims a power held in a fiduciary capacity that has been\nexercised, the disclaimer takes effect immediately after the last exercise of\nthe power.\n\nC. A disclaimer under this section is effective as to another fiduciary if the\ndisclaimer so provides and the fiduciary disclaiming has the authority to bind\nthe estate, trust, or other person for whom the fiduciary is acting.\n\nHISTORY: 2003, c. 253, \u00a7 64.1-196.10; 2012, c. 614."}