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What is vested interest?
What is vested interest in a property transfer?
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What happens if a person has a vested interest in property?
May 25, 2019 · Concept of Vested Interest. Section 19 of the Transfer of Property Act, 1882 states about Vested Interest. It is an interest which is created in favour of a person where time is not specified or a condition of the happening of a specified certain event.
Jul 20, 2020 · VESTED INTEREST means an interest belonging to a specific person, as defined under section 19 of transfer of property act, 1882, It is a transfer of property in favour of a particular person without specific time or condition mentioned. Such interest is vested on happening of a certain event i.e an event that must happen.
Jun 3, 2022 · A vested interest is a type of property interest. Black's Law Dictionary provides this definition: Accrued; fixed; settled; absolute ; having the character or giving the rights of absolute ownership; not contingent; not subject to be defeated by a condition precedent.
Jul 1, 2024 · In finance, a vested interest is the lawful right of an individual or entity to gain access to tangible or intangible property such as money, stocks, bonds, mutual funds, and other...
- Julia Kagan
Definition. A vested interest refers to a right or interest in property that is secure and cannot be taken away without due process. This concept is crucial in property law, particularly regarding estates and future interests, as it defines the extent of ownership and the rights that individuals have over property they own or will own in the ...
Glossary. Vested interest. A beneficiary of a trust has a vested interest if he does not have to meet any conditions for his interest to take effect. The interest may be: Vested in possession, if it is a "present right to present enjoyment", such as an immediate right to income.
When the right, interest, or title to the present or future possession of a legal estate can be transferred to any other party, it is termed a vested interest. The concept can arise in any number of contexts, but the most common are inheritance law and retirement plan law.
