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- 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. The person having the vested interest does not get the possession of that property but has the expectancy to receive it upon happening of a specified certain event.
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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.
Feb 28, 2020 · Transfer of Property Act deals with vested and contingent interest. Vested Interest is created where there is a condition of the happening of a specified certain event. While Contingent Interest is created on fulfilling a condition of happening of a specified uncertain event.
Sep 24, 2019 · Salient features of vested interest: – Vested interest creates an immediate right and is not subject to any condition. It is both transferrable and heritable right. Even if transferee dies before actual possession or enjoyment, it passes on to his heirs. Enjoyment can be postponed to a future date.
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 securities...
- Julia Kagan
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.
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 future.
Dec 22, 2023 · An interest generated in favor of a person when no period is specified or a condition of the occurrence of a certain event is often termed vested interest. Section 19 of the Transfer of Property Act, 1882 (TPA) deals with the concept of vested interest.
