Code of Virginia - Title 55 Property And Conveyances - Chapter 16 Release Of Powers Of Appointment
- 55-278 Definitions
When used in this chapter unless the context otherwise requires: (1) "Power" includes any power to appoint or designate to whom property shall go, any ...
- 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 ...
- 55-280 Manner of effecting release
A release of a power whether partial or complete shall be valid and effective, with or without a consideration, when the donee executes an instrument ...
- 55-281 Release heretofore made
A release of a power executed prior to February 26, 1944, shall have the same effect as if this chapter had been in effect at ...
- 55-282 Right of release not exclusive
The rights and means provided for in this chapter for the release of a power are not exclusive, but are in addition to all other ...
- 55-283 Delivery of release or copy to person in possession or control of property
No fiduciary or other person, association or corporation having the possession or control of any property subject to a power of appointment (other than the ...
- 55-284 Recordation, etc., as notice to purchaser or mortgagee of property
No purchaser or mortgagee of real property subject to a power of appointment who is without actual notice shall be deemed to have notice of ...
- 55-285 Recordation in deed book; indexing; fee
Clerks of courts shall record releases of powers of appointment in the books provided for the recordation of deeds and index the same in the ...
- 55-286 Release not invalid for failure to comply with either { 55-283 or { 55-284
No release shall be invalid or ineffective because of failure to comply with either § 55-283 or § 55-284. (1944, p. 68; Michie Suppl. 1946, ...
- 55-286.1 Release as disclaimer
A release made in accordance with Chapter 8.1 (§ 64.1-196.1 et seq.) of Title 64.1 shall be effective as a disclaimer. (1952, c. 609; 1978, ...
- 55-286.2 Interaction with disclaimer rules
Nothing in this chapter shall operate as a limitation on the provisions of Chapter 8.1 (§§ 64.1-196.1 et seq.) of Title 64.1. (2003, c. 253.) ...
Last modified: April 3, 2009