In the law of corporations. The right or capacity to act or be acted upon in a par- ticular 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 Ilun, 580, 21 N. Y. Supp. 1S2; In re Lima & H. F. Ry. Co., 08 Ilun, 252, 22 N. Y. Supp. 007; Baltimore v. Marriott, 9 Md. 100.

More On This Topic

Link to This Definition
Did you find this definition of POWER OF SALE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary