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

资深译员Jenny，国内名牌大学法律英语专业，专注翻译各种与重组、破产及重整有关的法律文件。