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SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY –– CHAPTER E An Act to amend and reenact § 64.2-1625 of the Code of Virginia, relating to certain powers of N attorney;
VIRGINIA ACTS OF ASSEMBLY -- 2024 SESSION CHAPTER 283 An Act to amend and reenact § 64.2-1625 of the Code of Virginia, relating to certain powers of attorney;
R O [H 336] Approved L L 1.
[H 336] Approved April 2, 2024 Be it enacted by the General Assembly of Virginia:
1.
E A.
A.
2.
release;
Sell;
surrender;
exchange;
retain title for security;
convey with or without covenants, representations, or warranties;
encumber;
quitclaim;
partition;
easement or covenant;
consent to partitioning;
subject to an easement or covenant;
plat or consent tot to an platting;
plat or consent to platting;
contribute to an entity in exchHnge for an interest in that entity;
contribute to an entity in exchange for an interest in that entity;
3 3.
3.
Pledge or mortgage an interest in real property or right incident to real property as secErity to borrow money or pay, renew, or extend the time of payment of a debt of the principal or a debt R guaranteed by the principal;
Pledge or mortgage an interest in real property or right incident to real property as security to borrow money or pay, renew, or extend the time of payment of a debt of the principal or a debt guaranteed by the principal;
sale contract, encumbrance, lien, or other claim to real property that exists or is asserted;st, conditional 5.
4.
Release, assign, satisfy, or enforce by litigation or otherwise a mortgage, deed of trust, conditional sale contract, encumbrance, lien, or other claim to real property that exists or is asserted;
5.
and property;chasing supplies, hiring assistance or labor, and making repairs or alterations to the real 6.
and d.
Purchasing supplies, hiring assistance or labor, and making repairs or alterations to the real property;
6.
c.
b.
Exercising any voting rights in person or by proxy;n, or similar right with respect to them;
Exercising or selling an option, right of conversion, or similar right with respect to them;
and 8.
and c.
Exercising any voting rights in person or by proxy;
8.
An agent under a power of attorney acting under the authority of this section shall not have the authority to create, change, or revoke a transfer on death deed on behalf of the owner of property unless such agent is granted the power to create or change a beneficiary designation as required by exercising any authority under subsection A, even if the effect of exercising of such authority may be to revoke a transfer on death deed.
An agent under a power of attorney acting under the authority of this section shall not have the authority to create, change, or revoke a transfer on death deed on behalf of the owner of property unless such agent is granted the power to create or change a beneficiary designation as required by subdivision A 4 of § 64.2-1622.
This subsection shall not be construed to prohibit such agent from exercising any authority under subsection A, even if the effect of exercising such authority may be to revoke a transfer on death deed.
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