General power of appointment definition

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.
General power of appointment means a general power as that term is defined in section 2 of the powers of appointment act of 1967, 1967 PA 224, MCL 556.112. However, a power exercisable in favor of the donee, his or her estate, his or her creditors, or the creditors of his or her estate that is limited by an ascertainable standard is not a general power of appointment.
General power of appointment means a power of

Examples of General power of appointment in a sentence

  • General power of appointment means a power of appointment exercisable in favor of a powerholder, the powerholder’s estate, a creditor of the powerholder, or a creditor of the powerholder’s estate.

  • General power of appointment" means a power of appointment exercisable in favor of a powerholder, the powerholder's estate, a creditor of the powerholder or a creditor of the powerholder's estate.[PL 2021, c.


More Definitions of General power of appointment

General power of appointment means any power that would cause income to be taxed to the fiduciary in his individual capacity under Section 678 of the Internal Revenue Code and any power that would be a general power of appointment, in whole or in part, under Section 2041(a)(2) or 2514(c) of the Internal Revenue Code.
General power of appointment means a power of appointment exercisable in
General power of appointment means a power of appointment exercisable in favor of the power holder, the power holder's estate, a creditor of the power holder, or a creditor of the power holder's estate.
General power of appointment means a power exercis- able in favor of the donee, the donee’s estate, the donee’s creditors, or the creditors of the donee’s estate, whether or not it is also exer- cisable in favor of others. A power to appoint to any person or a power of appointment that is not expressly restricted as to appoin- tees may be exercised in favor of the donee or the donee’s creditors if exercisable during lifetime, and in favor of the donee’s estate or the creditors of the donee’s estate if exercisable by will.
General power of appointment means an unfettered power of appointment to such object or objects as the appointer may think fit;
General power of appointment means a power of appointment exercisable in favor of the holder of the power, the power holder’s creditors, the power holder’s estate, or the creditors of the power holder’s estate.
General power of appointment means a power of appointment exercisable in favor of the