Second power definition

Second power means a power of appointment created by the exercise of a first power.

Second power means a power of appointment over personal property held in trust, other than a presently exercisable general power, that is created or to which property is subjected by the exercise of either a first power or a second-order fiduciary power.

Second power means a nonfiduciary power of appointment over personal property held in trust that is created or to which property is subjected by the exercise of a first power and that is not a presently exercisable general power.

Examples of Second power in a sentence

• The trust is not a special appointee trust.(4) As used in this section:(a) "First power" means a power of appointment, an exercise of which has created another power of appointment.(b) "Second power" means a power of appointment created by the exercise of a first power.(c) "Special appointee trust" means that term as defined in section 4 of the personal property trust perpetuities act, 2008 PA 148, MCL 554.94.

• Second, power contract assignment consents will need to be executed by PPA providers.

• Second, power is clearly increasing in ρ if the true β is positive.

• ALL MEASURED BEARINGS ON THE FACE OF THE PLAT ARE ON ILLINOIS STATE PLANE (EAST) NAD 83 (NSRS2007) DATUM UNLESS NOTED OTHERWISE.

• Second, power relations and politics was a sensitive issue for many participants.

• Second, power, understood as a practice in terms of the capacity to exercise power, including: the corporate power of the principal firm in GPN to influence decisions; the institutional power of national and local states; and the collective power of collective actors and trade unions (Allen, 2003).

• Second, power can be exerted indirectly through intermediaries, a process that can mask the primary intentions.

• Second, power is disaggregated—different states have relative advan- tages in different types of power (military power, economic power, and soft power) that have variable effectiveness in different areas of law.

• Second, power is disaggregating, in that different states are experiencing relative gains in dif- ferent forms of power.

• Second power line to Sentinel completed and expected to be energized shortly which would allow Sentinel to ramp-up towards commercial production levels by the end of 2015.- Further strengthening and protecting cash flows: in addition to initiatives already successfully implemented a commitment to reduce net debt by over $1 billion through a combination of asset sales and other strategic initiatives by the end of Q1 2016.