adverse party
Defined in 1 place of the United States Code.
For purposes of this subpart, the term “adverse party” means any person having a substantial beneficial interest in the trust which would be adversely affected by the exercise or nonexercise of the power which he possesses respecting the trust. A person having a general power of appointment over the trust property shall be deemed to have a beneficial interest in the trust.
Source
- 1994–present26 U.S.C. § 672Internal Revenue Code · Definitions and rules · for purposes of this subpart