{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/55.1-128.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/55.1-128.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/55.1-128.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/55.1-128.html"}],"law_id":369289,"edition_id":2,"section_id":369289,"structure_id":52613,"section_number":"55.1-128","catch_line":"Prospective application","history":"2000, c. 714, \u00a7 55-12.5; 2019, c. 712; 2024, cc. 52, 123.","full_text":"A\n\nSections 55.1-124 through 55.1-129 apply to a nonvested property interest or a power of appointment that is created on or after July 1, 2000.\n\nB\n\nFor purposes of subsection A, the first sentence of subsection F of § 55.1-124, and subdivision A 8 of § 55.1-127, 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.\n\n","order_by":null,"text":{"0":{"id":1377373,"text":"Sections 55.1-124 through 55.1-129 apply to a nonvested property interest or a power of appointment that is created on or after July 1, 2000.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1377374,"text":"For purposes of subsection A, the first sentence of subsection F of § 55.1-124, and subdivision A 8 of § 55.1-127, 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.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":52613,"edition_id":2,"name":"Rule Against Perpetuities","identifier":"2","label":"article","depth":4,"order_by":2,"parent_id":52602,"metadata":{"child_laws":10,"child_structures":0},"date_created":"2026-08-02 03:01:45","date_modified":"2026-08-02 12:35:21","permalink":{"id":1471875,"object_type":"structure","relational_id":52613,"identifier":"2","token":"55.1\/I\/1\/2","url":"\/55.1\/I\/1\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52602,"edition_id":2,"name":"Creation and Limitation of Estates","identifier":"1","label":"chapter","depth":3,"order_by":1,"parent_id":52601,"metadata":{"child_laws":39,"child_structures":4},"date_created":"2026-08-02 03:01:36","date_modified":"2026-08-02 12:35:20","permalink":{"id":1471775,"object_type":"structure","relational_id":52602,"identifier":"1","token":"55.1\/I\/1","url":"\/55.1\/I\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52601,"edition_id":2,"name":"Property Conveyances","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":52600,"metadata":{"child_laws":142,"child_structures":14},"date_created":"2026-08-02 03:01:36","date_modified":"2026-08-02 12:35:20","permalink":{"id":1471773,"object_type":"structure","relational_id":52601,"identifier":"I","token":"55.1\/I","url":"\/55.1\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52600,"edition_id":2,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":120,"parent_id":null,"metadata":{"child_laws":875,"child_structures":101},"date_created":"2026-08-02 03:01:36","date_modified":"2026-08-02 12:35:20","permalink":{"id":1471771,"object_type":"structure","relational_id":52600,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":369259,"structure_id":52613,"section_number":"55.1-124","catch_line":"Uniform Statutory Rule Against Perpetuities","url":"\/55.1-124\/","token":"55.1\/I\/1\/2\/55.1-124","metadata":false},{"id":369273,"structure_id":52613,"section_number":"55.1-125","catch_line":"When nonvested property interest or power of appointment created","url":"\/55.1-125\/","token":"55.1\/I\/1\/2\/55.1-125","metadata":false},{"id":369284,"structure_id":52613,"section_number":"55.1-126","catch_line":"Reformation","url":"\/55.1-126\/","token":"55.1\/I\/1\/2\/55.1-126","metadata":false},{"id":369288,"structure_id":52613,"section_number":"55.1-127","catch_line":"Exclusions from statutory rule against perpetuities","url":"\/55.1-127\/","token":"55.1\/I\/1\/2\/55.1-127","metadata":false},{"id":369289,"structure_id":52613,"section_number":"55.1-128","catch_line":"Prospective application","url":"\/55.1-128\/","token":"55.1\/I\/1\/2\/55.1-128","metadata":false},{"id":369290,"structure_id":52613,"section_number":"55.1-129","catch_line":"Uniformity of application and construction","url":"\/55.1-129\/","token":"55.1\/I\/1\/2\/55.1-129","metadata":false},{"id":369291,"structure_id":52613,"section_number":"55.1-130","catch_line":"Certain limitations construed","url":"\/55.1-130\/","token":"55.1\/I\/1\/2\/55.1-130","metadata":false},{"id":369304,"structure_id":52613,"section_number":"55.1-131","catch_line":"Employee trusts","url":"\/55.1-131\/","token":"55.1\/I\/1\/2\/55.1-131","metadata":false},{"id":369315,"structure_id":52613,"section_number":"55.1-132","catch_line":"Determination of \"lives in being\" for purpose of rule against perpetuities","url":"\/55.1-132\/","token":"55.1\/I\/1\/2\/55.1-132","metadata":false},{"id":369316,"structure_id":52613,"section_number":"55.1-133","catch_line":"Application of the rule against perpetuities to nondonative transfers","url":"\/55.1-133\/","token":"55.1\/I\/1\/2\/55.1-133","metadata":false}],"previous_section":{"id":369288,"structure_id":52613,"section_number":"55.1-127","catch_line":"Exclusions from statutory rule against perpetuities","url":"\/55.1-127\/","token":"55.1\/I\/1\/2\/55.1-127","metadata":false},"next_section":{"id":369290,"structure_id":52613,"section_number":"55.1-129","catch_line":"Uniformity of application and construction","url":"\/55.1-129\/","token":"55.1\/I\/1\/2\/55.1-129","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-128\/","history_text":"

This law was first created in 2000. The record of its establishment is cataloged in chapter 714<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2019, chapter 712<\/a>; in 2024, chapters 52<\/a> and 123<\/a>.<\/p>","references":[{"id":369273,"section_number":"55.1-125","catch_line":"When nonvested property interest or power of appointment created","order_by":null,"url":"\/55.1-125\/"}],"refers_to":[{"id":369259,"section_number":"55.1-124","catch_line":"Uniform Statutory Rule Against Perpetuities","order_by":null,"url":"\/55.1-124\/"},{"id":369288,"section_number":"55.1-127","catch_line":"Exclusions from statutory rule against perpetuities","order_by":null,"url":"\/55.1-127\/"},{"id":369290,"section_number":"55.1-129","catch_line":"Uniformity of application and construction","order_by":null,"url":"\/55.1-129\/"}],"permalink":{"id":1471893,"object_type":"law","relational_id":369289,"identifier":"55.1-128","token":"55.1\/I\/1\/2\/55.1-128","url":"\/55.1-128\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/55.1-128\/","token":"55.1\/I\/1\/2\/55.1-128","dublin_core":{"Title":"Prospective application","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-128","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Sections 55.1-124<\/a> through 55.1-129<\/a> apply to a nonvested property interest or a power of appointment that is created on or after July 1, 2000. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> For purposes of subsection A, the first sentence of subsection F of § 55.1-124<\/a>, and subdivision A 8 of § 55.1-127<\/a>, 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. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPROSPECTIVE APPLICATION (\u00a7 55.1-128)\n\nA. Sections 55.1-124 through 55.1-129 apply to a nonvested property interest or\na power of appointment that is created on or after July 1, 2000.\n\nB. For purposes of subsection A, the first sentence of subsection F of §\n55.1-124, and subdivision A 8 of § 55.1-127, a nonvested property interest\nor a power of appointment created by the exercise of a power of appointment is\ncreated when the power is irrevocably exercised or when a revocable exercise\nbecomes irrevocable.\n\nHISTORY: 2000, c. 714, \u00a7 55-12.5; 2019, c. 712; 2024, cc. 52, 123.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}