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§ 64-2-2715 — Virginia Law | CourtGPT
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Virginia Legal Code

§ 64-2-2715

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Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:\n1. Except as otherwise provided in subdivision 2, a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and\n2. If the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or the gift-in-default clause is ineffective.\n2016, c. 266.