§ 64.2-2732

Va. Code Ann. § 64.2-2732

Power to contract; presently exercisable power of appointment

Effective Jul 1, 20162016, c. 266.

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.