MLchartDataset catalogue

Objects of the power

Term · Law · MLC-T-LAW-003505

The class of persons or entities from which the holder of a power of appointment is authorized to choose beneficiaries. The person granting the power defines this group in the governing instrument, such as a will or trust. If the holder of the power fails to make a valid appointment, the property may pass to the objects of the power in equal shares by default.

Table 1. Record
IdentifierMLC-T-LAW-003505
FieldLaw
Record as JSON
{
  "id": "MLC-T-LAW-003505",
  "term": "Objects of the power",
  "field": "Law",
  "definition": "The class of persons or entities from which the holder of a power of appointment is authorized to choose beneficiaries. The person granting the power defines this group in the governing instrument, such as a will or trust. If the holder of the power fails to make a valid appointment, the property may pass to the objects of the power in equal shares by default.",
  "url": "https://mlchart.com/terminology/law/objects-of-the-power/"
}

Record 3,495 of 5,445 in Law terminology (MLC-0107). Request the full dataset.