Power of appointment definition

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

Examples of Power of appointment in a sentence

• Subordinate Legislation MadeP1 Power of appointment conferred by s.

• Power of appointment; compliance with specific reference requirementA powerholder's substantial compliance with a formal requirement of appointment imposed in a governing instrument by the donor, including a requirement that the instrument exercising the power of appointment make reference or specific reference to the power, is sufficient if: [PL 2017, c.

• Power to contract -- Power of appointment not presently exercisable.

• Power of appointment; compliance with specific reference requirement A powerholder's substantial compliance with a formal requirement of appointment imposed in a governing instrument by the donor, including a requirement that the instrument exercising the power of appointment make reference or specific reference to the power, is sufficient if: [PL 2017, c.

• Power of appointment; effect when more or less extensive than authorized.

More Definitions of Power of appointment

Power of appointment means a power that enables a powerholder acting in 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 powerholder acting in a nonfiduciary

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 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.