- beneficial power
- A power which has for its object the grantee of the power, and which is executed solely for his benefit. Tilden v Green, 130 NY 29, 28 NE 880.
Ballentine's law dictionary. Anderson, W.S.. 1998.
beneficial power
Look at other dictionaries:
beneficial — ben·e·fi·cial /ˌbe nə fi shəl/ adj 1: providing benefits or advantages 2: receiving or entitling one to receive an advantage, benefit, or use a beneficial shareholder a beneficial estate ben·e·fi·cial·ly / shə lē/ adv … Law dictionary
beneficial — Tending to the benefit of a person; yielding a profit, advantage, or benefit; enjoying or entitled to a benefit or profit. This term is applied both to estates (as a beneficial interest ) and to persons (as the beneficial owner ) @ beneficial… … Black's law dictionary
beneficial — Tending to the benefit of a person; yielding a profit, advantage, or benefit; enjoying or entitled to a benefit or profit. This term is applied both to estates (as a beneficial interest ) and to persons (as the beneficial owner ) @ beneficial… … Black's law dictionary
power — The right, ability, authority, or faculty of doing something. Authority to do any act which the grantor might himself lawfully perform. Porter v. Household Finance Corp. of Columbus, D.C.Ohio, 385 F.Supp. 336, 341. A power is an ability on the… … Black's law dictionary
beneficial owner — see owner Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. beneficial owner n … Law dictionary
Beneficial ownership — is enjoyed by anyone who has the benefits of ownership of a security or property, and yet does not nominally own the asset itself.In US securities law, a beneficial owner (as distinct from a nominee owner, registered owner, or record holder ) of… … Wikipedia
Beneficial interest — A beneficial interest is that right which a person has in a contract made with another (third) person. [ [http://www.lectlaw.com/def/b092.htm The Lectric Law Library s Lexicon] ] The typical example is if A makes a contract with B that he will… … Wikipedia
beneficial owner — The party that receives all of the benefits or rights of an owner of a security even though the legal ownership of the security is recorded in the name of a broker or a bank in street name. American Banker Glossary As used for most purposes under … Financial and business terms
beneficial ownership — Often used in risk arbitrage. Person who enjoys the benefits of ownership even though title is in another name. (Abused through the illegal use of a parking violation.) The entitlement to receive some or all of the benefits of ownership of a… … Financial and business terms
Beneficial Owner — 1. A person who enjoys the benefits of ownership even though title is in another name. 2. Any individual or group of individuals that, either directly or indirectly, has the power to vote or influence the transaction decisions regarding a… … Investment dictionary
