Donee definition

Donee means a person to whom a power is granted or reserved.

Donee means that term as defined in section 2 of the powers of appointment act of 1967, 1967 PA 224, MCL 556.112.

Donee means an individual or entity authorized to accept an

Examples of Donee in a sentence

• Donor and Donee agree that the donation of the perpetual conservation restriction gives rise to a property right, immediately vested in Donee, with a fair market value that is at least equal to the proportionate value that the perpetual conservation restriction, at the time of the gift, bears to the fair market value of the property as a whole at that time.

• The proportionate value of Donee’s property rights remains constant such that if a subsequent sale, exchange, or involuntary conversion of the subject property occurs, Donee is entitled to a portion of the proceeds at least equal to that proportionate value of the perpetual conservation restriction, unless state law provides that the donor is entitled to the full proceeds from the conversion without regard to the terms of the prior perpetual conservation restriction.See id.

More Definitions of Donee

Donee means the person in whom the power of appoint- ment is created or reserved.

Donee means an entity eligible to acquire federal donation property based upon federal regulations or eligible to acquire sur- plus property in accordance with rules adopted by the Oregon Department of Ad- ministrative Services. Entities eligible to ac- quire federal donation property may also acquire surplus property other than federal donation property.

Donee means any of the following entities that receive Federal surplus personal property through a SASP:

Donee means the individual designated by the donor as the

Donee means any person who acquires any property under a gift, and, where a gift is made to a trustee for the benefit of another person, includes both the trustee and the beneficiary;

Donee shall have the meaning set forth in Section 3.9(a).

Donee means the recipient of a gift or conveyance. In contrast to the giver or donor.