I've created a custom SharePoint group that does not allow for users to create groups or grant permissions, however I would like to allow them to control the permissions to specific items, lists or folders. So basically, be able to control permissions content under the site, but not grant or change site permissions.
I looked into it a little and it appears that the 'Manage Permission' variable is all or nothing - if it's unchecked then permissions to content cannot be managed at all but if it is checked, then the users can also grant site permissions to anyone. Including Full Control?