special power of appointment
- special power of appointment
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A power of appointment under which the donee of the power is restricted to passing on the property to certain individuals or class of individuals designated or described in the instrument which creates the power. Marx v Rice, 1 NJ 574, 65, A2d 48, 9 ALR2d 584.
Under statute a special power in trusts exists:(1) when the disposition which it authorizes is limited to be made to any particular person other than the grantee of such power; (2) when any person or class of persons, other than the grantee, is entitled to any benefit from the disposition or charge authorized by the power. Re Uihlein's Will, 264 Wis 362, 59 NW2d 641.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
special power of appointment — see power of appointment Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. special power of appointment … Law dictionary
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 — Authority enabling one person to dispose of an interest which is vested in another. Re Zanatta, 99 NJ Eq 339, 131 A 515. A liberty or authority reserved by, or limited to, a person to dispose of real or personal property for his own benefit, or… … Ballentine's law dictionary
special power — The authority of an agent to do only a specific act or acts in pursuance of particular instructions, or with restrictions necessarily implied from the act to be done. 3 Am J2d Agency § 6. See special power of appointment; special power of… … Ballentine's law dictionary
special power in trust — See special power of appointment … Ballentine's law dictionary
power of appointment, special — n. A power of appointment that limits the possible beneficiaries to members of a specified group. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
general power of appointment — see power of appointment Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. general power of appointment … Law dictionary
nongeneral power of appointment — See special power of appointment … Ballentine's law dictionary
special power — noun 1. : a power of appointment (as to testator s widow to appoint testator s estate to such of their issue as she should by her will appoint) created or reserved not for the benefit of the donee but for the benefit of persons or a class of… … Useful english dictionary
