Vesting: property rights become fixed and enforceable when they accrue, distinct from mere contingent expectancies. Vesting denotes conferral or acquisition of a legally fixed right to present or future enjoyment of property or authority; it creates a settled, accrued, and enforceable interest distinguishable from mere expectancy. Vested interests are not contingent on conditions precedent and are not defeasible in the same way as future or contingent interests. A vesting order is a statutory device transferring property to become vested without conveyance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Vesting: property rights become fixed and enforceable when they accrue, distinct from mere contingent expectancies.
Vesting denotes conferral or acquisition of a legally fixed right to present or future enjoyment of property or authority; it creates a settled, accrued, and enforceable interest distinguishable from mere expectancy. Vested interests are not contingent on conditions precedent and are not defeasible in the same way as future or contingent interests. A vesting order is a statutory device transferring property to become vested without conveyance.
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