SECTION 55.1-128. Prospective application  

Sections 55.1-124 through 55.1-124 apply to a nonvested property interest or a power of appointment that is created on or after July 1, 2000. For purposes of this section, a nonvested property interest or a power of appointment created by the exercise of a power of appointment is created when the power is irrevocably exercised or when a revocable exercise becomes irrevocable.

2000, c. 55.1-124 , § 55-12.5; 2019, c. 55.1-124 .