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Powers of Appointment

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Powers of Appointment
A grant of the ability to dispose of property, especially of an estate. The person who receives the powers of appointment may be the executor of an estate or the trustee of a trust. The person with the powers of appointment must dispose of the property according to the wishes of the grantor, unless the grantor gives unlimited powers of appointment, which transfers discretion to the executor or trustee.


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Chaudhry Brothers must accept the decisions of the majority party and powers of appointment of new President must be handed over the General Council, which is the Supreme Body, he held.
A future article will address these other types of powers of appointment that are sometimes used with total discretionary trusts and the consequences thereof.
He also has sweeping powers of appointment in City Hall.
 
 
 
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