Prospective application

A. Sections 55.1-124 through 55.1-129 apply to a nonvested property interest or a power of appointment that is created on or after July 1, 2000. B. For purposes of subsection A, the first sentence of subsection F of § 55.1-124 , and subdivision A 8 of § 55.1-127 , a nonvested property interest or a power of appointment created by the exercise of a power of appointment is created when the power is irrevocably exercised or when a revocable exercise becomes irrevocable. 2000, c. 714 , § 55-12.5; 2019, c. 712 ; 2024, cc. 52 , 123 .