SECTION 64.2-2729. Method of release, ARTICLE 4. Disclaimer or Release; Contract to Appoint or Not to Appoint, CHAPTER 27. Uniform Powers of Appointment Act, SUBTITLE V. Provisions Applicable to Probate and Nonprobate Transfers, TITLE 64.2. Wills, Trusts, and Fiduciaries, Code of Virginia

Code of Virginia (Last Updated:July 28, 2020)

TITLE 64.2. Wills, Trusts, and Fiduciaries

SUBTITLE V. Provisions Applicable to Probate and Nonprobate Transfers

CHAPTER 27. Uniform Powers of Appointment Act

ARTICLE 4. Disclaimer or Release; Contract to Appoint or Not to Appoint

SECTION 64.2-2729. Method of release

A powerholder of a releasable power of appointment may release the power in whole or in part:

1. By substantial compliance with a method provided in the terms of the instrument creating the power; or

2. If the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a record manifesting the powerholder's intent by clear and convincing evidence.

2016, c. 266 .