Prospective application
Va. Code Ann. § 55.1-128
in effectA. 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.
2000, c. 714 , § 55-12.5; 2019, c. 712 ; 2024, cc. 52 , 123 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/55.1-128/Fetched: 10/16/2026