agency coupled with an interest

An agency in which the agent is granted not only the power to act on behalf of a principal but also a legal interest in the estate or property involved.

• This type of agency is irrevocable before the interest expires, unless the parties agree otherwise when creating the interest. The agency survives even if the principal becomes insane or dies. See power coupled with an interest under POWER(3). [Cases: Principal and Agent 34, 43(2). C.J.S. Agency §§ 114–119, 136.]

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词条贡献者

译者Lorna，毕业于国内一流的法学院，擅长翻译各种与商业秘密相关的法律文件。