Define: Appointor

Appointor
Appointor
What is the dictionary definition of Appointor?
Dictionary Definition of Appointor

Appointor:

Noun

1. A person or entity who has the authority to designate or select someone for a particular position, role, or task.

2. In legal terms, an appointor refers to an individual or entity who has the power to appoint or remove trustees, directors, or other fiduciaries within a trust, company, or organisation.

Example sentence: The board of directors appointed John as the new CEO, with the appointor being the chairman of the board.

Full Definition Of Appointor

An appointor is a person or entity who has the power to appoint or remove trustees or beneficiaries of a trust. The appointor is typically named in the trust deed and holds significant control over the trust’s administration and management. They have the authority to select and replace trustees, as well as modify the terms of the trust. The appointor’s role is crucial in ensuring the trust operates in accordance with the intentions of the settlor and can be held accountable for their decisions. However, the specific powers and responsibilities of an appointor may vary depending on the terms of the trust deed and applicable laws.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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