Special power of appointment definition

Special power of appointment means a special power as defined in section 2 of the powers of appointment act of 1967, 1967 PA 224, MCL 556.112.
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Special power of appointment means a power of appointment that is not a general power of appointment.
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Special power of appointment means power of appointment to such object or objects within a special description or class as the appointer may think fit;
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Examples of Special power of appointment in a sentence

  • The definition of a general power of appointment contained in 26 U.S.C. Section 2056(b)(5) of the Internal Revenue Code would meet the test of a general power under Iowa law.b. Special power of appointment.

  • SPATs ⚫ Special power of appointment trust (“SPAT”) provisions can be integrated into the SLAT format to address risk of spouse’s premature death.⚫ Give someone a collateral power of appointment, allowing distribution of trust property to anyone in a class that includes the grantor (such as descendants of the grantor’s grandparents).


More Definitions of Special power of appointment

Special power of appointment means a power of appointment exercisable only in favor of one or more persons not including the donee, the donee’s estate,
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Special power of appointment means a power that may not be exercised in favor of the power holder, his or her creditors, his or her estate, or the creditors of his or her estate.
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Related to Special 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;

  • Initial appointment means appointment made otherwise than by promotion or transfer;

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

  • Probationary appointment means employment for a designated period of time during which the probationer is evaluated as a candidate to be awarded tenure. In the event an academic employee is employed full-time as a temporary academic employee and the next year with a probationary appointment as an academic employee, the consecutive College quarters in which the individual was so employed full-time shall be credited towards tenure consideration.

  • Temporary appointment means an employee hired into a position of limited duration or for completion of a specific task or project without following the rules regarding recruitment and selection. Temporary employees serve at the pleasure of the appointing authority and may be removed at any time without cause, notice or any right of appeal. Temporary employees are not eligible for benefits other than those required by state or federal law.

  • Appointment Date shall have the meaning specified in Section 9.02(a).

  • appointor means in relation to an alternate Director, the Director who appointed the alternate to act as his alternate;

  • Power of Attorney means a record that grants an agent authority to act in the place of a principal.

  • Appointed means the act of naming or designating someone to a position or office.

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

  • Court appointed special advocate means a volunteer guardian ad litem appointed by the court who is responsible for: researching the background of assigned child abuse, neglect and dependency cases; representing the child's best interests; speaking for the child in all hearings, reviews and other relevant case activities; monitoring the child during the life of the case; and advocating for a safe and permanent home for the child.

  • UK Bail-in Powers means the powers under the UK Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability.

  • Delegation means the issuing of a written authorisation by a delegating authority to a delegated body to act in his stead, and in relation to a duty, includes an instruction or request to perform or to assist in performing the duty, and ‘delegate’ and ‘sub-delegate’ has a corresponding meaning;