BENEFICIAL

Tending to the benefit of a person; yielding a profit, advantage, or benefit; enjoying or entitled to a benefit or profit. In re Importers’ Exchange (Com. PI.) 2 N. T. Supp. 257; Regina v. Vange, 3 Adol. & El. (N. S.) 254. This term is applied both to estates (as a “beneficial interest”) and to persons, (as “the beneficial owner.”) Beneficial association. Another name for a benefit society. See Benefit. Beneficial enjoyment. The enjoyment which a man has of an estate in his own right and for his own benefit, and not as trustee for another. 11 H. L. Gas. 271. Beneficial estate. An estate in expectancy is one where the right to the possession is postponed to a future period, and is “beneficial” where the devisee takes solely for his own use or benefit, and not as the mere holder of the title for the use of another. In re Seaman’s Estate, 147 N. Y. 69, 41 N. E. 401. Beneficial interest. Profit, benefit, or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control. Beneficial power. 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. Conboy, 73 N. Y. 234; Rev. St. N. Y.