POWER
Categories: Property
Definition (1910 Edition)
fee, by means of a conveyance, will, or charge, of the lands embraced in the power to any alienee whatsoever. lt is special (1) when the persons or class of persons to whom the disposition of the lands under the power is to be made are designated, or (2) when the power authorizes the alienation, by means of a conveyance, will, or charge, of a particular estate or fnterest less than a fee. Coster v. Lorillard, 14 Wend. (N. Y.) 324; Thompson v. Garwood. 8 Whart. (Pa.) 305, 81 Am. Dec. 502.—-General and special powers in trust. A A pee eral power is in trust when any person or class of persons other than the grantee of such power is designated as entitled to the proceeds or any portion of the proceeds or other benefits to result from the alienation. A special power is in trust (1) when the disposition or charge which it authorizes is limited to be made to any person or class of persons other than the holder of the power, or (2) when any person or class of persons other than the holder is designated as entitled to any benefit from the disposition or charge authorized by the power. Cutting v. Cutting, 20 Hun (N. Y.) 360; Dane vy. Murray, 122 N. Y. 612, 26 N. E. 23; Wilson’s Rev. & Ann. St. Oki. 1908, §$ 4107, 4108. Ministerial powers. <A phrase used in
In the law of corporations. The right or capacity to act or be acted upon in a particular manner or in respect to a particular subject; as, the power to have a corporate seal, to sue and be sued, to make by-laws, to carry on a particular business or construct a given work. See Freligh v. Saugerties, 70
In the law of corporations. The right or capacity to act or be acted upon in a particular manner or in respect to a particular subject; as, the power to have a corporate seal, to sue and be sued, to make by-laws, to carry on a particular business or construct a given work. See Freligh v. Saugerties, 70
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
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