Fiduciary power definition

Fiduciary power means a management power relating to the administration or management of assets similar to those powers granted to a personal representative in section 3715 and a trustee in sections 7816 and 7817, and granted by law to a fiduciary or conferred upon a fiduciary in a governing instrument.

Fiduciary power means any power that, when exercised, must be exercised for the benefit of or taking into account the interests of at least one person other than the person holding the power;

Fiduciary power means the Interim Fiduciary Power or the Final Fiduciary Power, as then applicable.

Examples of Fiduciary power in a sentence

• Xxxxxxx Title: Vice President Corporate Trust THE CHASE MANHATTAN BANK (formerly Chemical Bank), not in its individual capacity, but solely as Administrative Agent under the FI Credit Agreement and the CDF, as Security Agent under the Bank Security Documents and as JAA Security Agent under the JAA Fiduciary Transfer and the JAA Fiduciary Power, by /s/ Xxxxx X.

• The disclaimer may expressly provide that the Fiduciary Power shall be exercisable by the remaining Trustees, if any, or any successor Trustees.

• Any person granted any fiduciary power, authority, right, privilege, or discretion (“Fiduciary Power”) under this Trust Agreement or under the law applicable to this trust may at any time renounce, release, or disclaim all or any part of such Fiduciary Power.

• Unless otherwise expressly provided in the disclaimer, if any Fiduciary Power shall be disclaimed, the power shall cease to exist and shall not pass to any successor fiduciary.

More Definitions of Fiduciary power

Fiduciary power means a management power relating to the administration or management of assets similar to those powers granted to an independent personal representative in section 334 and a trustee in sections 822 to 829 of the revised probate code, Act No. 642 of the Public Acts of 1978, being sections 700.334 and 700.822 to 700.829 of the Michigan Compiled Laws, and granted by law to a fiduciary or conferred upon a fiduciary in a governing instrument.

Fiduciary power means a management power relating to the administration or management of

Fiduciary power means a power that, when exercised, must be exercised for the benefit of or taking into account the interests of at least one person other than the person who holds the power and in the case of a purpose or charitable trust, to advance the purposes of such trust;