Exercise of Power of Appointment

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This is Article 3 of the Code of Virginia, titled “Exercise of Power of Appointment.” It is part of Chapter 27 “Uniform Powers of Appointment Act”, which is part of Subtitle V “Provisions Applicable to Probate and Nonprobate Transfers”, which is part of Title 64.2 “Wills, Trusts, and Fiduciaries”. It contains 14 laws.

It’s comprised of the following 14 sections.

§ 64.2-2713 Requisites for exercise of power of appointment
§ 64.2-2714 Intent to exercise; determining intent from residuary clause
§ 64.2-2715 Intent to exercise; after-acquired power
§ 64.2-2716 Substantial compliance with donor-imposed formal requirement
§ 64.2-2717 Permissible appointment
§ 64.2-2718 Appointment to deceased appointee
§ 64.2-2719 Impermissible appointment
§ 64.2-2720 Selective allocation doctrine
§ 64.2-2721 Capture doctrine; disposition of ineffectively appointed property under general power
§ 64.2-2722 Disposition of unappointed property under released or unexercised general power
§ 64.2-2723 Disposition of unappointed property under released or unexercised nongeneral power
§ 64.2-2724 Disposition of unappointed property if partial appointment to taker in default
§ 64.2-2725 Appointment to taker in default
§ 64.2-2726 Powerholder's authority to revoke or amend exercise