A. An exercise of a power of appointment in favor of an impermissible appointee is ineffective.
B. An exercise of a power of appointment in favor of a permissible appointee is ineffective to the extent that the appointment is a fraud on the power.
Va. Code Ann. § 64.2-2719
Impermissible appointment
2016, c. 266.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.