CODE OF VIRGINIA

POWER TO CONTRACT; PRESENTLY EXERCISABLE POWER OF APPOINTMENT (§ 64.2-2732)

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.

HISTORY: 2016, c. 266.