N. H. 25, 22 Am. Rep
Categories: Constitutional
Definition (1910 Edition)
408; Bunting v. Speek, 41 Kan. 424, 21 Pac. 28383, 3 L. R. A. 690.— Vested legacy. A legacy is said to be vested when the words of the testator making the bequest convey a transmissible interest, whether present or future, to the legatee in the legacy. ‘hus a legacy to one to be paid when he attains the age of twenty-one years is a vested legacy, because it is given unconditionally and absolutely, and therefore vests an immediate interest in the legatee, of which the enjoyment only is deferred or postponed. Brown. See Magoffin y. Patton, 4 Rawle (Pa.) 113; Talmadge v. Seaman, 85 Hun, 242, 32 N. Y. Supp. 906; Rubencane v. McKee. 6 Del. Ch. 40, 6
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.