Unlimited discretion definition

Unlimited discretion means the unlimited power to distribute principal. A power to distribute principal which includes words, such as best interests, welfare, comfort, or happiness may not be considered a limitation of the power to distribute principal.
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Unlimited discretion means the unlimited power to distribute principal. A power to
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Unlimited discretion means the unlimited right to distribute principal if the right is not restricted by an ascertainable standard under 26 C.F.R. 26 25.2514-1.
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Examples of Unlimited discretion in a sentence

  • Unlimited discretion to stop vehicles on the open road may give rise to allegations of racial2As in this case, the litigant in Gustafson did not argue that a different standard applied under article I, section 8 of the Iowa Constitution as compared to the Fourth Amendment of the United States Constitution.

  • Unlimited discretion governs.If an authorized trustee has unlimited discretion to invade the principal of a trust, and the same trustee or another trustee has the power to invade principal under the trust instrument and the power is not subject to unlimited discretion, then the authorized trustee having unlimited discretion may exercise the power of appointment under section 59-16.1-04.59-16.1-09.

  • Unlimited discretion is given to the Chief Executive of DSDIP to grant an RIA There are no limits placed on the power of the Chief Executive in deciding an assessment application.

  • Unlimited discretion, the Supreme Court said is a ruthless destroyer of personal freedom.

Related to Unlimited discretion

  • Permitted Discretion means a determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment.

  • Maximum daily discharge limitation means the highest allowable “daily discharge.”

  • Daily discharge means the discharge of a pollutant measured during a calendar day or any 24-hour period that reasonably represents the calendar day for purposes of sampling. For pollutants with limitations expressed in units of mass, the "daily discharge" is calculated as the total mass of the pollutant discharged over the day. For pollutants with limitations expressed in other units of measurement, the "daily discharge" is calculated as the average measurement of the pollutant over the day.

  • Annual General Meeting means the meeting held by the Society in the first four months (or such other period as permitted by the Statutes) of each Financial Year at which the Annual Accounts are presented and which is specified as such in the notice convening the meeting;

  • Average monthly discharge limitation means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month.

  • Quorum means a majority of the Administrators or, if there are only two Administrators, both of them.