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.
Power of appointment means a power created or reserved by a person having property subject to his or her disposition that enables the donee of the power to designate, within any limits that may be prescribed, the transferees of the property or the shares or the interests in which it shall be received. The term power of appointment may include a power of amendment or revocation, but does not include a power of sale or a power of attorney.
Power of appointment means a power that enables a powerholder acting in a
Examples of Power of appointment in a sentence
Power to contract -- Power of appointment not presently exercisable.
Power of appointment of alternative summoning officer where summoning officer has interest in trial 2126.
Subordinate Legislation MadeP1 Power of appointment conferred by s.
The Power of appointment of new trustees shall be vested in the Executive Committee.
A teacher may not "call off" sick more than 24 hours before the day of absence occurs, unless the teacher provides evidence satisfactory to the Superintendent to justify an anticipated absence.
More Definitions of Power of appointment
Power of appointment means a power that enables a
Power of appointment means that term as defined in section 2 of the powers of appointment act of 1967, 1967 PA 224, MCL 556.112.
Power of appointment means power vested in some person to determine the disposition of property of which that person is not the owner;
Power of appointment means an inter vivos or testamentary power to direct the disposition of trust property, other than a distribution decision by a trustee to a beneficiary;
Power of appointment means a power that enables a power holder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The power of appointment may be general or nongeneral and presently exercisable or not presently exercisable. The term does not include a power of attorney.
Power of appointment means a power to appoint legal or equitable interests in real or personal property. A power of appointment is created or reserved by a person having property subject to his or her disposition which enables the donee of the power of appointment to designate, within such limits as may be prescribed, the transferees of the property or the shares or the interests in which it shall be received. A power of appointment does not include a power of sale, a power of attorney, a power of revocation, or a power exercisable by a trustee, a directing party, as defined in s. 701.0103 (7), another fiduciary in his or her fidu- ciary capacity, or a trust protector, as defined in s. 701.0103 (31).
Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity