Nonadverse Party
Nonadverse Party
Definition: Any person who is not an adverse party. Irc § 672(b). A person who is nonadverse and who has a certain relation to the grantor is termed a "related or subordinate party." such party is considered to be subservient to the grantor in most instances with regard to the exercise of power, unless a preponderance of the evidence indicates otherwise. Irc § 672(c).
Definition: Any person who is not an adverse party. Irc § 672(b). A person who is nonadverse and who has a certain relation to the grantor is termed a "related or subordinate party." such party is considered to be subservient to the grantor in most instances with regard to the exercise of power, unless a preponderance of the evidence indicates otherwise. Irc § 672(c).