trust power

trust power
A power of appointment or disposal to be exercised by the donee of the power for the benefit of one other than himself. 41 Am J1st Pow §3. Trust powers are imperative and their performance may be compelled in equity. In every case where the trust is valid as a power, the lands to which the trust relates remain in or descend to the person otherwise entitled, subject to the execution of the trust as a power. Tilden v Green, 130 NY 29, 28 NE 880.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • power of appointment trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • power in trust — See trust power …   Ballentine's law dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   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

  • Trust law in England and Wales — is the original and foundational law of trusts in the world, and a unique contribution of English law to the legal system. Trusts are part of the law of property, and arise where one person (a settlor ) gives assets (e.g. some land) to another… …   Wikipedia

  • 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

  • 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

  • Trust (social sciences) — Trust is a relationship of reliance. A trusted party is presumed to seek to fulfill policies, ethical codes, law and their previous promises.Trust does not need to involve belief in the good character, vices, or morals of the other party. Persons …   Wikipedia

  • Power Corp. — Power Corporation du Canada Logo de Power Corporation du Canada Création 1925 Fondateur(s) Jerry Sanders et John Carey …   Wikipédia en Français

Share the article and excerpts

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