Vested Interest - Law Dictionary Search Results

Contingent

may or may not happen. On the happening of the event or condition a contingent interest becomes a vested interest, Usha Subbarao v. B.N. Vishverswaraiah, (1996) 5 SCC 201 (208).

the trustee under the adjudication. (3) Death, unless the authority is coupled with an interest in the thing vested in the agent. (4) By the extinction of the subject of the agency. (5) By the ceasing of

remote

[ancestors of a more degree] b : exceeding the time allowed under the rule against perpetuities for the vesting of interests [the residuary clause…violates the rule against vesting "Estate of Grove, 70 Cal. App. 3d 355 (1977)"] … a more degree] b : exceeding the time allowed under the rule against perpetuities for the vesting of interests [the residuary clause…violates the rule against vesting "Estate of Grove, 70 Cal. App. 3d 355 (1977)"] ;also :

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Conveyance

for the purposes of the Law of Property Act, 1925, s. 205, as including 'mortgage charge, lease, assent, vesting declaration, vesting instrument, disclaimer, release and every other assurance of property or of any interest therein by any

Surrender of copyholds

of an equitable estate, on taking a surrender from the person in whom the legal copyhold interest was vested, might compel an admission upon the payment of a single fine, Consult Scriven or Elton on Copyholds.

Rule against perpetuities

Rule against perpetuities, means the rule prohibit-ing a grant of an estate unless the interest must vest, if at all, no later than 21 years after the death of some person alive when the interest

accelerate

full is due immediately see also acceleration clause b : to cause (a future interest in property) to vest by removing the preceding interests (as by failure or premature termination) vi : to enforce an acceleration clause

destructibility of contingent remainders

remainders :a now largely abolished rule in the law of estates that a contingent remainder that fails to vest upon the termination of the preceding estate is destroyed see also executory interest at interest

Dies cedit

cedit, the day begins; dies venit, the day has come. Two expressions in Roman law which signify the vesting of fixing of an interest, and the interest becoming a present one, Sand. Just., 7th Edn. 227, 235;

Notice to quit

same notice to quit; for such tenancy is a chattel interest, and whatever chattel the deceased had must vest in them as his legal representatives. Where the reversion has been conveyed by the less or during the

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