trustee powers
The provisions in a trust document defining what the trustee may and may not do.
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • trustee — an agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor s management should not remain in their …   Glossary of Bankruptcy

  • trustee — trust·ee 1 /ˌtrəs tē/ n 1: one to whom something is entrusted: one trusted to keep or administer something: as a: a member of a board entrusted with administering the funds and directing the policy of an institution or organization b: a country… …   Law dictionary

  • trustee — ► NOUN 1) Law an individual or member of a board given powers of administration of property in trust with a legal obligation to administer it solely for the purposes specified. 2) a state made responsible for the government of an area by the… …   English terms dictionary

  • Trustee Savings Bank — Infobox Defunct Company company name = TSB Bank plc. company company type = Public foundation = 1985 (as TSB Bank plc.); 1810 (first Trustee Savings Bank) industry = Banking products = Banking location = London, England, UK defunct = 1995 fate =… …   Wikipedia

  • trustee — That person in a trust relationship who holds the legal title to the property subject to the trust, for the benefit of the beneficiary or cestui que trust, with certain powers and subject to certain duties imposed by the terms of the trust,… …   Ballentine's law dictionary

  • trustee — noun 1》 Law an individual or member of a board given powers of administration of property in trust with a legal obligation to administer it solely for the purposes specified. 2》 a state made responsible for the government of an area by the United …   English new terms dictionary

  • trustee — n. 1 Law a person or member of a board given control or powers of administration of property in trust with a legal obligation to administer it solely for the purposes specified. 2 a State made responsible for the government of an area.… …   Useful english dictionary

  • ministerial powers — Powers of a public officer which require no exercise of judgment or discretion. Powers of a trustee which are directory, there being no scope for discretion in any of the details of their exercise. 54 Am J1st Trusts § 291 …   Ballentine's law dictionary

  • Discretionary trusts and powers in English law — are elements of the English law of trusts, specifically of express trusts. Express trusts are trusts expressly declared by the settlor; normally this is intended, although there are situations where the settlor s intentions create a trust… …   Wikipedia

  • avoidance powers — Rights given to the bankruptcy trustee or the debtor in possession to recover certain transfers of property such as preferences or fraudulent transfers or to void liens created before the commencement of a bankruptcy case (SA Bankruptcy.com)… …   Glossary of Bankruptcy

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