exercise of power of appointment

exercise of power of appointment
A disposition of property. 28 Am J Rev ed Inher T § 216. A disposition of property made in accord with the mode or manner of execution provided for or designated in the power. 41 Am J1st Pow § 35.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • power of appointment — power of appointment: a power granted under a deed or will authorizing the donee to dispose of an estate in a specified manner for the benefit of the donee or of others general power of appointment: a power of appointment which the donee may… …   Law dictionary

  • Power of appointment — A power of appointment is a term most frequently used in the law of wills to describe the ability of the testator (the person writing the will) to select a person who will be given the authority to dispose of certain property under the will.… …   Wikipedia

  • power of appointment — noun authority given (in a will or deed) by a donor to a donee to appoint the beneficiaries of the donor s property • Hypernyms: ↑authority, ↑authorization, ↑authorisation, ↑potency, ↑dominance, ↑say so * * * noun : a legal authority granted… …   Useful english dictionary

  • general power of appointment — A power of appointment exercisable without limitation as to the person appointed, except as to the rule of some jurisdic tions which limit exercise to exercise by will, in which event the donee cannot appoint himself, although he can appoint his… …   Ballentine's law dictionary

  • power — pow·er n 1: capability of acting or of producing an effect parties of unequal bargaining power 2 a: authority or capacity to act that is delegated by law or constitution often used in pl. commerce power often cap C&P: the power delegated to… …   Law dictionary

  • power of advancement — England, Wales A power that enables trustees to pay or apply capital to, or for the benefit of, a beneficiary. Trustees may apply capital for the benefit of a beneficiary by creating new trusts for him (a settled advance). A power of advancement… …   Law dictionary

  • Appointment — Ap*point ment, n. [Cf. F. appointement.] 1. The act of appointing; designation of a person to hold an office or discharge a trust; as, he erred by the appointment of unsuitable men. [1913 Webster] 2. The state of being appointed to som? service… …   The Collaborative International Dictionary of English

  • appointment (of all or part of a trust fund) — England, Wales The exercise of an express power (contained in a trust document and called a power of appointment) by the trustees of a trust, to direct (or redirect) the trust fund in favour …   Law dictionary

  • power — n 1 Power, force, energy, strength, might, puissance mean the ability to exert effort for a purpose. Power is the most general of these terms and denotes an ability to act or be acted upon, to effect something, or to affect or be affected by… …   New Dictionary of Synonyms

  • nonexclusive power of appointment — A power whereunder the donee has no right to exclude from the distribution any member of the class designated by the donor, grantor, or testator to be favored by the exercise of the power. Fidelity & Columbia Trust Co. v Barret, 166 Ky 411, 179… …   Ballentine's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”