A. As used in this section, 'adverse party' means a person with a substantial beneficial interest in property which would be affected adversely by a powerholder's exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.\nB. If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.\nC. Only a power of appointment whose permissible appointees are defined and limited can be nonexclusionary.\n2016, c. 266.
Virginia Legal Code