Legal Definition and Related Resources of Beneficial power
Meaning of Beneficial power
A power is beneficial when no person other than the grantee has, by the terms of its creation, any interest in its execution. Rev. St. N. Y. § 79. A power is beneficial if, by the terms of its creation, no interest in its execution is given to a person other than the grantee, though no such interest is especially given to the grantee. 73 N. Y. 234.
What does Beneficial Power mean in American Law?
The definition of Beneficial Power in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
A power, e.g., a power of appointment, which the holder may exercise to benefit himself.
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Beneficial Power in the Dictionary | Beneficial Power in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Beneficial Power |
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Related topics | Beneficial Power in the World Encyclopedia of Law |
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This definition of Beneficial Power Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..
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