trust power |
Definition
Authority give by the owner of a property (called a donor) to a person (called an appointor or donee) with the clear indication that the property is to pass on to another person (called an appointee). Whether this act of the donor creates a trust depends on his or her express or presumed intention as inferred from the language of the agreement. Also called power in nature of trust.
email to a friend
print this definition
cite this definition
link to this page
trust power is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
trust power appears in the definition of the following term: power in nature of trust
This content can be found on the following page:
http://www.businessdictionary.com/definition/trust-power.html