CODE OF VIRGINIA

PRESUMPTION OF UNLIMITED AUTHORITY (§ 64.2-2709)

Subject to § 64.2-2711, and unless the terms of the instrument creating a power
of appointment manifest a contrary intent, the power is:

   1.  Presently exercisable;

   2.  Exclusionary; and

   3.  Except as otherwise provided in § 64.2-2710, general.

HISTORY: 2016, c. 266.