Decanting power definition

Decanting power or “the decanting power” means the power of an authorized fiduciary under this chapter to distribute property of a first trust to one or more second trusts or to modify the terms of the first trust.
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Decanting power or "the decanting power" means the
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Decanting power means the power of an authorized fiduciary under the Uniform Trust Decanting Act (§ 64.2-779.1 et seq.) to distribute property of a first trust to one or more second trusts or to modify the terms of the first trust.
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Examples of Decanting power in a sentence

  • Decanting power under limited distributive discretion - definitions.

  • This notice should be given as far in advance as circumstances permit.

  • A power granted by state law to an authorized fiduciary to distribute part or all of the principal of the trust to another trust or to modify the trust.3. Decanting power not precluded.

  • A power granted by state law to the authorized fiduciary to distribute part or all of the principal of the trust to another trust or to modify the trust.2. Decanting power restricted.

  • Decanting power can only be exercised by a written instrument signed by the trustee and filed with the records of the trust.

  • Decanting power" means the power of an authorized fiduciary under this Act to distribute property of a first trust to one or more 2nd trusts or to modify the terms of the first trust.[PL 2021, c.


More Definitions of Decanting power

Decanting power or "the decanting power" means the power of an authorized
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Decanting power means the power of an authorized fiduciary under the Uniform Trust Decanting
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Decanting power means the power of an authorized fiduciary under this
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Decanting power means the power of an autho- rized fiduciary under this subchapter to distribute prop- erty of a first trust to one or more 2nd trusts or to modify the terms of the first trust.
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Decanting power or "the decanting power" means the power of a trustee under this chapter to distribute income and principal of a first trust to one or more second trusts or to modify the terms of the first trust.
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Related to Decanting power

  • Voting Power means, with respect to any Person, the exclusive ability to control, through the ownership of shares of capital stock, partnership interests, membership interests or otherwise, the election of members of the board of directors or other similar governing body of such Person. The holding of a designated percentage of Voting Power of a Person means the ownership of shares of capital stock, partnership interests, membership interests or other interests of such Person sufficient to control exclusively the election of that percentage of the members of the board of directors or similar governing body of such Person.

  • Station Power means energy used for operating the electric equipment on the site of a generation facility located in the PJM Region or for the heating, lighting, air-conditioning and office equipment needs of buildings on the site of such a generation facility that are used in the operation, maintenance, or repair of the facility. Station Power does not include any energy (i) used to power synchronous condensers; (ii) used for pumping at a pumped storage facility; (iii) used in association with restoration or black start service; or (iv) that is Direct Charging Energy.

  • net power means the power obtained on a test bench at the end of the crankshaft or its equivalent at the corresponding engine or motor speed with the auxiliaries, tested in accordance with Annex XX (Measurements of net power and the maximum 30 minutes power of electric drive train), and determined under reference atmospheric conditions;

  • Plants means live plants and live parts of plants, including fresh fruit, vegetables and seeds;

  • Structure means a walled and roofed building, a manufactured home, or a gas, liquid, or liquefied gas storage tank that is principally above ground.

  • Superstructure means the part of the bodywork which contributes to the strength of the vehicle in the event of a roll-over accident;

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Metering Point means, for meters that do not use instrument transformers, the point at which the billing meter is connected. For meters that use instrument transformers, the point at which the instrument transformers are connected.

  • Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility

  • Structures means an elevated road or a flyover, as the case may be;

  • connecting point means the point at which the drainage installation joins the connecting sewer;

  • General Partner has the meaning set forth in the Preamble.

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.