power coupled with an interest

A power to do some act, conveyed along with an interest in the subject matter of the power.

• A power coupled with an interest is not held for the benefit of the principal, and it is irrevocable due to the agent’s interest in the subject property. For this reason, some authorities assert that it is not a true agency power.

— Also termed power given as security; proprietary power. See irrevocable power of attorney under POWER OF ATTORNEY. Cf. naked power. [Cases: Powers 27. C.J.S. Powers § 6.]

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词条贡献者

法律翻译Howard，在一家顶尖的美国律师事务所担任专职法律翻译，专注翻译各类与信托与财产规划有关的法律文件。