Power to contract; presently exercisable power of appointment

Va. Code Ann. § 64.2-2732
in effect
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A powerholder of a presently exercisable power of appointment may contract: 1. Not to exercise the power; or 2. To exercise the power if the contract when made does not confer a benefit on an impermissible appointee. 2016, c. 266 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/64.2-2732/Fetched: 10/17/2026