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Power of direction definition

Power of direction means a power over a trust granted to a person by the terms of the trust to the extent the power is exercisable while the person is not serving as a trustee. The term includes a power over the investment, management, or distribution of trust property or other matters of trust administration. The term excludes the powers described in section 15-16-805 (2).
Power of direction means a power over a trust granted to a
Power of direction means a power over a trust granted to a person by the terms of the trust to

Examples of Power of direction in a sentence

  • Power of direction" means a power over a trust granted to a person by the terms of the trust to the extent the power is exercisable while the person is not serving as a trustee.

  • The Gedzes, BOGAT Management, and petitioner and Sandra Adams entered into a beneficiary agreement that provides that the beneficiaries collectively have the: (1) Power of direction to authorize the trustee to deal with the Essex Drive property’s 6(...continued)imposed on taxable income of estates or of any kind of property held in trust) or 6012(a)(4) (return filing requirement for trusts with “any taxable income, or gross income of $600 or over, regardless of the amount of taxable income”).


More Definitions of Power of direction

Power of direction means a power over a trust granted by the terms of the trust to the extent the power is exercisable while the person to whom it is granted is not serving as a trustee. Power of direction includes a power over the investment, management, or distribution of trust property or other matters of trust administration. Power of direction does not include the powers described in subsection (1).
Power of direction means a power over a trust
Power of direction means a power over a trust granted to a person by the terms of the trust to the extent the power is exercisable while the person is not serving as a trustee;
Power of direction means a power over a trust granted to a person by the trust terms that is exercisable by the person when not serving as a trustee.
Power of direction means the authority of a person, as provided in the trust agreement, to direct the trustee of a land trust to convey property or interests, execute a lease or mortgage, distribute proceeds of a sale or financing, and execute documents incidental to the administration of a land trust.
Power of direction means a power over a trust granted to a person by the trust 925 instrument to the extent the power is exercisable while the person is not serving as a 926 trustee. Such term includes a power over the administration of the trust or the 927 investment, management, or distribution of the trust property; a power to consent to a 928 trustee's actions, whether through exercise of an affirmative power to consent or through 929 nonexercise of a veto power over a trustee's actions, when a trustee may not act without 930 such consent; a power to represent a beneficiary, other than a power under Code Section 931 53-12-8; and, except as otherwise provided in the trust instrument, any further powers 932 appropriate to the exercise or nonexercise of such powers. Such term shall exclude the 933 powers described in subsection (b) of Code Section 53-12-501.

Related to Power of direction

  • Power of withdrawal means a presently exercisable general power of appointment other than a power:

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • Board of Directors means the board of directors of the Company.

  • Executive Committee means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the Commission.

  • Certificate of Incorporation means the Company’s Amended and Restated Certificate of Incorporation, as amended and/or restated from time to time.

  • Board of Director or “Board” means the Board of Directors of Omaxe Limited, as constituted from time to time.

  • the Directors means save as otherwise defined at Article 6.9 the directors of the Company (and “Director” means any one of those directors);

  • Bylaws means the bylaws of the Corporation, as they may be amended from time to time.

  • Vacancy means the absence of a person to serve in any position created by

  • Voting Control means, with respect to a share of Class B Common Stock, the power (whether exclusive or shared) to vote or direct the voting of such share by proxy, voting agreement or otherwise.

  • Articles of Incorporation means the Articles of Incorporation, Declaration of Trust, or other similar organizational document as the case may be, of a Fund as the same may be amended from time to time.

  • Ordinary Resolution means a resolution passed by a simple majority of the Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting, and includes a unanimous written resolution. In computing the majority when a poll is demanded regard shall be had to the number of votes to which each Member is entitled by the Articles.