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 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.
More Definitions of Fiduciary power
Fiduciary power means the Interim Fiduciary Power or the Final Fiduciary Power, as then applicable.
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;