Nongeneral power of appointment means a power of appointment that is not a general power of appointment.
Nongeneral power of appointment means a power of
Nongeneral power of appointment means any power of appointment that is not a general power of appointment. The "date of creation" of a nongeneral power of appointment created by the exercise of one or more powers of appointment, except by the exercise of a general power of appointment exercisable by deed, is the date of creation of the first of those powers of appointment to be exercised.
Examples of Nongeneral power of appointment in a sentence
To the extent required by applicable federal, state, local or foreign law, the Optionee shall make arrangements satisfactory to ManTech for the satisfaction of any withholding tax obligations that arise by reason of an Option exercise or disposition of shares issued as a result of an Option exercise.
Nongeneral power of appointment" means a power of appointment that is not a general power of appointment.
More Definitions of Nongeneral power of appointment
Nongeneral power of appointment means a power of appointment that is not a general power of appointment. The terms "special power of appointment," "limited power of appointment," or similar terminology used in an instrument creating a power that does not grant powers making it a general power of appointment as defined in this chapter mean the same as and may be used interchangeably with the term nongeneral power of appointment.
Nongeneral power of appointment means that the instrument creating the power restricts the persons who may be appointed to receive the interest.)