Virginia § 55.1-128 Prospective application

Virginia Statutes

§ 55.1-128 — Prospective application

Virginia § 55.1-128

JurisdictionVirginia

Title 55.1Property and Conveyances

Subtitle IProperty Conveyances

Ch. 1Creation and Limitation of Estates

Art. 2Rule Against Perpetuities

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Bluebook

Va. Code Ann. § 55.1-128 (2026).

Text

A.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.

B.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.

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A. 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.

B. 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.