Code of Virginia - Title 55 Property And Conveyances - Section 55-279 Right to release

§ 55-279. Right to release

Unless the instrument creating the power specifically provides to the contrary, the donee of a power, whether now existing or hereafter created, may:

(1) At any time completely release his power;

(2) At any time or times release his power (a) as to any property which is subject thereto; (b) as to any one or more of the objects thereof; or (c) so as to limit in any other respect the extent to which it may be exercised.

(1944, p. 67; Michie Suppl. 1946, § 5440(2).)

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Last modified: April 3, 2009