Presently exercisable power of appointment means a power of appointment exercisable by the powerholder at the relevant time. The term:
Presently exercisable power of appointment means a power of appointment
Presently exercisable power of appointment means a power of appointment exercisable by the powerholder at the relevant time. "Presently exercisable power of appointment" includes a power of appointment exercisable only after the occurrence of a specified event, the satisfaction of an ascertainable standard, or the passage of a specified time, only after (i) the occurrence of the specified event, (ii) the satisfaction of the ascertainable standard, or (iii) the passage of the specified time. "Presently exercisable power of appointment" does not include a power exercisable only at the powerholder's death.
Examples of Presently exercisable power of appointment in a sentence
Enacted by Chapter 125, 2017 General Session 75-10-405 Power to contract -- Presently exercisable power of appointment.
The term does not include a power of41 attorney;42 (15) "Powerholder", a person in which a donor creates a power of appointment;43 (16) "Presently exercisable power of appointment", a power of appointment44 exercisable by the powerholder at the relevant time.
Dividend sweep option:The investor has the option to sweep dividend declared in the Scheme into any other open-ended scheme of IDFC Mutual Fund.
More Definitions of Presently exercisable power of appointment
Presently exercisable power of appointment means a power of appointment exercisable by the