Power of disposition absolute where holder can dispose of entire fee in his lifetime

Every power of disposition is deemed absolute by means of which the holder is enabled in his lifetime to dispose of the entire fee, in possession or in expectancy, for his own benefit. Source: CivC 1877, § 340; CL 1887, § 2856; RCivC 1903, § 363; RC 1919, § 430; SDC 1939, § 59.0443.