Powerholder definition

Powerholder means a person in which a donor creates a power of appointment.
Sample 1Sample 2Sample 3
Powerholder means a person in whom a donor creates a power of appointment.
Sample 1Sample 2Sample 3
Powerholder means a person in which a donor creates
Sample 1Sample 2Sample 3

Examples of Powerholder in a sentence

  • Each Directed Trustee, in following the directions of a Powerholder, shall not be liable for any act, omission, loss, damage, or expense arising from the performance of his or her duties under any trust hereunder, unless it is determined that such Directed Trustee is acting in bad faith in complying with such directions.

  • The Trustee, in exercising the power to designate a Spe- cial Powerholder, may designate a single Special Powerholder or a list of Special Powerholders to serve successively and may make such designation in advance of any vacancy, which designation may be amended or revoked at any time prior to becoming effective.

  • If there is no Special Powerholder serving during the Grantor’s lifetime, the Trustee shall designate (in writ- ing) a Special Powerholder.

  • Any person serving as a Special Powerholder hereunder shall not be related or subordinate (within the mean- ing of IRC Section 672(c)) to the Grantor or to any beneficiary hereunder, and shall not be a beneficiary of the trust in question nor a person who has made a transfer of property to the trust in question.

  • In addition, any Powerholder who is not also a Trustee of the trust with respect to which the power or authority is being exercised shall not be considered a Trustee or fiduciary of the trust.

  • If JOHN DOE shall become unable or unwilling to serve or to continue serving as a Special Power- holder, then JANE DOE shall become the Special Powerholder.

  • The removal of a Trustee shall be accomplished by an instrument signed by the Removal Powerholder and mailed or delivered to such Trustee and the person(s) authorized to appoint a successor Trustee.

  • Powerholder means a person in which a donor creates a power of appointment.

  • No Trustee who is a Directed Trustee (as defined below) or who has delegated a power or authority shall have any obligation to monitor, supervise, or consult with the Powerholder (as defined below) or any Trustee(s) to whom any such power or authority was delegated.Liability for Following Directions.

  • III B, givenc cby JII(J)/JII(0) = ∫ J dxe−x2/2/ ∫ J dxe−x2 with σ = σ= 1.


More Definitions of Powerholder

Powerholder means a person in which a settlor creates a power of appointment.
Sample 1
Powerholder means a person in which a donor
Sample 1
Powerholder means a person in whom a donor
Sample 1

Related to Powerholder

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • Holder means a Person in whose name a Security is registered in the Security Register.

  • Stockholder means, with respect to any Person, each holder of Stock of such Person.

  • Contractholder means any entity that is a party to a Contract with a Participating Company (as defined below).

  • License holder means an individual, corporation, partnership, governmental unit, association or any other entity to whom a license was issued under Iowa Code chapter 137C, 137D or 137F.

  • Co-owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.