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Title 26—INTERNAL REVENUE CODE > Subtitle A—Income Taxes > CHAPTER 1—NORMAL TAXES AND SURTAXES > Subchapter J—Estates, Trusts, Beneficiaries, and Decedents > PART I—ESTATES, TRUSTS, AND BENEFICIARIES > Subpart E—Grantors and Others Treated as Substantial Owners
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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.
( Aug. 16, 1954, ch. 736 , 68A Stat. 226 ; Pub. L. 99–514, title XIV, § 1401(a) , Oct. 22, 1986 , 100 Stat. 2711 ; Pub. L. 100–647, title I, § 1014(a)(1) , Nov. 10, 1988 , 102 Stat. 3559 ; Pub. L. 101–508, title XI, § 11343(a) , Nov. 5, 1990 , 104 Stat. 1388–472 ; Pub. L. 104–188, title I, § 1904(a) , Aug. 20, 1996 , 110 Stat. 1910 ; Pub. L. 105–206, title VI, § 6011(c)(1) , July 22, 1998 , 112 Stat. 818 .)
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