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Vested Interest - Law Dictionary Search Results

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Presentation

devolves upon the personal representative, Mirehouse v. Rennell, (1833) 7 Bli 241, being, indeed, a personal right or interest dis-annexed from the estate in the advowson, and vested in the patron simply as an individual. And where … a person to the patron. These two rights may co-exist in different persons; thus where an advowson is vested in trustees or mortgagees they have the right of presentation, while the right of nomination is in the

vest

or endow with a particular authority, right, or property [ a judge with discretion] vi : to become vested ;specif : to entitle one unconditionally to the payment of pension benefits upon termination or retirement [his pension … to a person a fixed and immediate right of present or future enjoyment of (as an estate) [an interest ed in the beneficiary] b : to grant or endow with a particular authority, right, or property [

vested

Matched in: Term vested

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wait and see

in property law that postpones determining the question of validity of a future interest that has not yet vested (as a contingent remainder) until circumstances make clear whether or not the interest will vest within a time

reversion

termination to the former owner or to his or her successor in interest 2 a : the present vested interest in the residue of an estate that remains in its owner after the grant therefrom of a lesser

Shall vest in my wife with power of alienation

in my wife with power of alienation' means the testator intended to confer an absolute and not limited interest in the property, Gopala Menon v. Sivaraman Nair, AIR 1979 SC 1345: (1981) 3 SCC 586. … Shall vest in my wife with power of alienation, the expression 'shall vest in my wife with power of alienation'

Tenancy in Common

no unity of title, for one may claim by descent, and another by purchase; also the estate may vest in each tenant at different times. There being no entirety of interest among tenants-in-common, each is seised of

Restraint on alienation

sell or transfer real property; a provision that conveys an interest and that, even after interest has become vested, prevents owner from disposing of it at all from disposing of it in particular ways or to particular

Company in which the public are substantially interested

to be one in which the public are substantially interested, where more than half the voting power is vested in the public, Commissioner of Income Tax v. Amrutanjan Ltd., AIR 1964 SC 1804: (1964) 8 SCR 9. … Company in which the public are substantially interested, the public is beneficially interested in 25 per cent. of the voting power, Shree Changdeo Sugar Mills Ltd.

Maintenance

by a forfeiture of 10l. See CHAMPERTY. As to maintenance of infants and persons until they attain a vested interest if they are entitled to the intermediate income or otherwise as provided under settlements created after 1925, see

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