Mandatory power of appointment

{
  "id": "MLC-T-LAW-003141",
  "term": "Mandatory power of appointment",
  "field": "Law",
  "definition": "A power of appointment that requires the holder to exercise it in favor of a specified class of beneficiaries, leaving no discretion as to whether to appoint, only as to how to distribute among the class. The holder must appoint the property, unlike a discretionary power where appointment is optional. If the holder fails to appoint, a court may distribute the property equally among the class.",
  "url": "https://mlchart.com/terminology/law/mandatory-power-of-appointment/"
}