The Law Dictionary

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BENEFICIAL POWER Definition & Legal Meaning

Definition & Citations:

In New York law and practice. A power which has for its object the donee of the power, and which is to be executed solely for his benefit; as distinguished from a trust power, which has for its object a person other than the donee, and is to be executed solely for the benefit of such person. Jennings v. Conbov. 73 N. Y. 234; Rev. St. N. Y.


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