Nongeneral power of appointment definition

Nongeneral power of appointment means a power of appointment that is not a general power of appointment.
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Nongeneral power of appointment means a power of
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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.
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More Definitions of Nongeneral power of appointment

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.
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Nongeneral power of appointment means that the instrument creating the power restricts the persons who may be appointed to receive the interest.)
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Related to Nongeneral power of appointment

  • General power of appointment means a power of appointment exercisable in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.

  • Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney.

  • Letter of Appointment means the written communication by SAICA to the Contractor recording the acceptance by SAICA of Contractor’s bid subject to the further terms and conditions to be itemized in the contract;

  • Appointment means the appointment of any Seller to act in a Corporate Trust Capacity under any of the Corporate Trust Contracts of the Business.

  • member of a couple means a member of a married or unmarried couple;

  • resident of a Contracting State means any person who, under the laws of that State, is liable to tax therein by reason of his domicile, residence, place of management or any other criterion of a similar nature, and also includes that State and any political subdivision or local authority thereof. This term, however, does not include any person who is liable to tax in that State in respect only of income from sources in that State or capital situated therein.

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.