Absolute power definition

Absolute power means a power to invade trust assets for the benefit of a beneficiary that is not limited by a specific or ascer- tainable standard, whether or not the term “absolute” is used in the trust instrument. “Absolute power” includes a power to invade trust assets for the best interests, welfare, comfort, or happiness of a beneficiary.
View Source
Absolute power means a power to invade principal that is not limited to specific or ascertainable purposes, such as health, education, maintenance, and support, regardless of whether the term “absolute” is used. A power to invade principal for purposes such as best interests, welfare, comfort, or happiness constitutes an absolute power not limited to specific or ascertainable purposes.
View Source
Absolute power means Unless the trust instrument expressly provides otherwise, a trustee who has absolute power under the terms of a trust to invade the principal of the trust, referred to in this section as the “first trust,” to make distributions to or for the benefit of one or more persons may instead exercise the power by appointing all or part of the principal of the trust subject to the power in favor of a trustee of another trust, referred to in this section as the “second trust,” for the current benefit of one or more of such persons under the same trust instrument or under a different trust instrument; provided:
View Source

Examples of Absolute power in a sentence

  • Absolute power is defined as a power to make distributions that is not limited by reasonably definite or ascertainable standards.

  • Absolute power of attorney is essentially an authorization can not be withdrawn and the power management of the transition is simply the act of land rights .

  • Absolute power, for Spinoza, is not synonymous with maximal coercive power.

Related to Absolute power

  • Reactive Power means the power component which does not produce work but is necessary to allow some equipment to operate, and is measured in kiloVolt Amperes Reactive (kVAR);

  • second authority means the authority to which a mover is liable to make payments for the new dwelling;

  • Road authority means each governmental agency with jurisdiction over public streets and highways. Road authority includes the department, any other state agency, and intergovernmental, county, city, and village governmental agencies responsible for the construction, repair, and maintenance of streets and highways. When a street railway operates or seeks to operate a street railway system over public streets and highways over which more than 1 road authority possesses jurisdiction, road authority includes each road authority with jurisdiction over public streets and highways upon which the street railway operates or seeks to operate a street railway system.

  • prescribed authority means the authorities specified in rule 12;