Vest - Law Dictionary Search Results

Merger

'In order that there may be a merger, the two estates which are supposed to coalesce must be vested in the same person at the same time and in the same right' [Re Radcliffe, (1892) 1 Ch

whether executory or by way of remainders, and of either real or personal property which is not to vest until after the expiration of, or will not necessarily vest within the period fixed and prescribed by law

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Settled land

in possession or a term of years absolute (which are the only legal estates in existence) should be vested in an owner who could transfer either of these if settled entirely to a purchaser for value without

Power

(2) declarations, or directions, operating only on the conscience of the persons in whom the legal interest is vested; or (3) declarations or directions deriving their effect from the Statute of Uses. A power given before 1926

In the son or daughter of such a female

on her, it would be contrary to the scheme and purpose of sub-s. (2) which essentially is to vest the right of pre-emption in the lineal descendants of the last male holder. It would follow that under

statutory rule against perpetuities

statutory rule against perpetuities :a statute setting forth the requirements for the vesting of a future interest in property and superseding the common-law rule against perpetuities ;esp : a uniform statute

Contingency with a double aspect

kind of executory interest which maybe termed an alternative interest. This is an 'interest that is only to vest in case the next preceding interest should never vest in any way, through the failure of the contingency

Contingent legacy

bequest to be paid or payable to A. when he shall attain twenty one years, the legacy is vested and not contingent and although he may never attain the age his personal representatives will be entitled to

perpetuity

] 2 a : the condition of a future estate limited in such a way as not to vest within the period fixed by law for the vesting of an estate ;also : a limitation that gives

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