                                 CODE OF VIRGINIA

DEFINITIONS (§ 64.2-1600)

For the purposes of this chapter, unless the context requires
otherwise:		&#8220;Agent&#8221; means a person granted authority to act for a
principal under a power of attorney, whether denominated an agent,
attorney-in-fact, or otherwise. The term includes an original agent, coagent,
successor agent, and a person to which an agent&#8217;s authority is
delegated.		&#8220;Durable,&#8221; with respect to a power of attorney, means
not terminated by the principal&#8217;s incapacity.		&#8220;Electronic&#8221;
means relating to technology having electrical, digital, magnetic, wireless,
optical, electromagnetic, or similar capabilities.		&#8220;Good faith&#8221;
means honesty in fact.		&#8220;Incapacity&#8221; means inability of an
individual to manage property or business affairs because the individual:

1. Has an impairment in the ability to receive and evaluate information or make
or communicate decisions even with the use of technological assistance; or

2. Is missing or outside the United States and unable to return.
			&#8220;Person&#8221; means an individual, corporation, business trust,
estate, trust, partnership, limited liability company, association, joint
venture, public corporation, government or governmental subdivision, agency, or
instrumentality, or any other legal or commercial entity.			&#8220;Power of
attorney&#8221; means a writing or other record that grants authority to an
agent to act in the place of the principal, whether or not the term power of
attorney is used.			&#8220;Presently exercisable general power of
appointment,&#8221; with respect to property or a property interest subject to a
power of appointment, means power exercisable at the time in question to vest
absolute ownership in the principal individually, the principal&#8217;s estate,
the principal&#8217;s creditors, or the creditors of the principal&#8217;s
estate. The term includes a power of appointment not exercisable until the
occurrence of a specified event, the satisfaction of an ascertainable standard,
or the passage of a specified period only after the occurrence of the specified
event, the satisfaction of the ascertainable standard, or the passage of the
specified period. The term does not include a power exercisable in a fiduciary
capacity or only by will.			&#8220;Principal&#8221; means an individual who
grants authority to an agent in a power of attorney.			&#8220;Property&#8221;
means anything that may be the subject of ownership, whether real or personal,
or legal or equitable, or any interest or right therein.			&#8220;Record&#8221;
means information that is inscribed on a tangible medium or that is stored in an
electronic or other medium and is retrievable in perceivable
form.			&#8220;Sign&#8221; means, with present intent to authenticate or adopt a
record: (i) to execute or adopt a tangible symbol or (ii) to attach to or
logically associate with the record an electronic sound, symbol, or
process.			&#8220;State&#8221; means a state of the United States, the District
of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or
insular possession subject to the jurisdiction of the United
States.			&#8220;Stocks and bonds&#8221; means stocks, bonds, mutual funds, and
all other types of securities and financial instruments, whether held directly,
indirectly, or in any other manner. The term does not include commodity futures
contracts and call or put options on stocks or stock indexes.

HISTORY: 2010, cc. 455, 632, § 26-73; 2012, c. 614.