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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 64.2. Wills, Trusts, and Fiduciaries |
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SUBTITLE V. Provisions Applicable to Probate and Nonprobate Transfers |
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CHAPTER 27. Uniform Powers of Appointment Act |
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ARTICLE 2. Creation, Revocation, and Amendment of Power of Appointment |
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SECTION 64.2-2708. Nontransferability |
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A powerholder may not transfer a power of appointment. If a powerholder dies without exercising or releasing a power, the power lapses. 2016, c. 266 . |