CHAPTER 609

An Act to amend the Code of Virginia by adding a section numbered
55-286.1, relating to disclaimer and renunciation of powers of
appointment.
Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding a section numbered
55-286.1, as follows:

§ 55-286.1. A release made before any property has been distributed
to the donee shall be effective as a disclaimer, and a release made after
any property has been distributed to the donee shall be effective as a
renunciation if, in either such case, the action of the donee in disclaiming
or renouncing the power is taken within two years from the effective
date of the instrument creating the power or within two years from June
twenty-eight, nineteen hundred fifty-one, whichever is later.