Special power of appointment definition

Special power of appointment means a special power as defined in section 2 of the powers of appointment act of 1967, 1967 PA 224, MCL 556.112.
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Special power of appointment means a power of appointment that is not a general power of appointment.
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Special power of appointment means power of appointment to such object or objects within a special description or class as the appointer may think fit;
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Examples of Special power of appointment in a sentence

  • The definition of a general power of appointment contained in 26 U.S.C. Section 2056(b)(5) of the Internal Revenue Code would meet the test of a general power under Iowa law.b. Special power of appointment.

  • Two op- tions are possible: either a lookahead function must always be provided, even when it is not required and possibly not used, or we use a default lookahead function if none is defined.Always defining a lookahead function might seem redundant, especially if users will never use conservative synchroniza- tion.

  • Special power of appointment: - entitles done to make an appointment among class of objects selected by the settlor.

  • SPATs ⚫ Special power of appointment trust (“SPAT”) provisions can be integrated into the SLAT format to address risk of spouse’s premature death.⚫ Give someone a collateral power of appointment, allowing distribution of trust property to anyone in a class that includes the grantor (such as descendants of the grantor’s grandparents).


More Definitions of Special power of appointment

Special power of appointment means a power that may not be exercised in favor of the power holder, his or her creditors, his or her estate, or the creditors of his or her estate.
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Special power of appointment means a power of appointment exercisable only in favor of one or more persons not including the donee, the donee’s estate,
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Related to Special power of appointment

  • 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.

  • Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney.

  • Provisional appointment means the employment of a person to a vacant position for no more than a six-month period for emergency or in interim conditions. The General Manager may extend a provisional appointment for up to an additional six-month period.

  • Appointment means the appointment of any Seller to act in a Corporate Trust Capacity under any of the Corporate Trust Contracts of the Business.

  • Temporary appointment means an employee hired into a position of limited duration or for completion of a specific task or project without following the rules regarding recruitment and selection. Temporary employees serve at the pleasure of the appointing authority and may be removed at any time without cause, notice or any right of appeal. Temporary employees are not eligible for benefits other than those required by state or federal law.

  • Appointment Date shall have the meaning specified in Section 9.02(a).

  • Power of Attorney means a record that grants an agent authority to act in the place of a principal.

  • Danish Bankruptcy Act means the Danish Bankruptcy Act (Consolidated Act No. 11 of 6 January 2014, as amended);

  • Appointed means the act of naming or designating someone to a position or office.

  • member of a couple means a member of a married or unmarried couple;

  • UK Bail-in Powers means the powers under the UK Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability.

  • Delegation means the issuing of a written authorisation by a delegating authority to a delegated body to act in his stead, and in relation to a duty, includes an instruction or request to perform or to assist in performing the duty, and ‘delegate’ and ‘sub-delegate’ has a corresponding meaning;

  • SOFR Administrator’s Website means the website of the Federal Reserve Bank of New York, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

  • the appointed day means the day on which section 30A of the Safeguarding Vulnerable Groups Act 2006 comes into force;