§ 64.2-2707 Creation of power of appointment.
§ 64.2-2708 Nontransferability.
§ 64.2-2709 Presumption of unlimited authority.
§ 64.2-2710 Exception to presumption of unlimited authority.
§ 64.2-2711 Rules of classification.
§ 64.2-2712 Power to revoke or amend.

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Terms Used In Virginia Code > Title 64.2 > Subtitle V > Chapter 27 > Article 2 - Creation, Revocation, and Amendment of Power of Appointment.

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appointee: means a person to which a powerholder makes an appointment of appointive property. See Virginia Code 64.2-2700
  • Appointive property: means the property or property interest subject to a power of appointment. See Virginia Code 64.2-2700
  • City: means an independent incorporated community which became a city as provided by law before noon on July 1, 1971, or which has within defined boundaries a population of 5,000 or more and which has become a city as provided by law. See Virginia Code 1-208
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Court: means any court vested with appropriate jurisdiction under the Constitution and laws of the Commonwealth. See Virginia Code 19.2-5
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Donor: The person who makes a gift.
  • Donor: means a person that creates a power of appointment. See Virginia Code 64.2-2700
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Instrument: means a record. See Virginia Code 64.2-2700
  • Judge: means any judge, associate judge or substitute judge of any court or any magistrate. See Virginia Code 19.2-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Juror: A person who is on the jury.
  • Month: means a calendar month and "year" means a calendar year. See Virginia Code 1-223
  • Person: means an individual; estate; trust; business or nonprofit entity; public corporation; government or governmental subdivision, agency, or instrumentality; or other legal entity. See Virginia Code 64.2-2700
  • Power of appointment: means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. See Virginia Code 64.2-2700
  • Powerholder: means a person in which a donor creates a power of appointment. See Virginia Code 64.2-2700
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • sworn: means "affirm" or "affirmed. See Virginia Code 1-250
  • Terms of the instrument: means the manifestation of the intent of the maker of the instrument regarding the instrument's provisions as expressed in the instrument or as may be established by other evidence that would be admissible in a legal proceeding. See Virginia Code 64.2-2700
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • True bill: Another word for indictment.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.