In New York law and practice. A power which has for its object the donee of the power, and which is to be executed solely for his benefit; as distinguished from a trust power , which has for its object a person other than the donee, and is to be executed solely for the benefit of such person. Jennings v. Conbov. 73 N. Y. 234; Rev. St. N. Y.
Black’s Law Online Dictionary
