Smith vy. West, 108 I)]
Categories: Property
Definition (1910 Edition)
337; Hawley v. James, 5 Paige (N. Y.) 466; Gates v. Seibert, 157 Mo. 24, 57 S. V e 1065, 8O Am, St. Kep. 625.— Vested in possession. A legal term applied to a right of present enjoyment actually existing.—Vested interest. A future interest is vested when there is a‘person in being who would have a right, defeasible or indefeasible, to the immediate possession of the property, upon the ceasing of the intermediate or precedent interest. Civil Code Cal. § 694. See Allison v. Allison, 101 Va. 537, 44 S. E. 904, 68 L. R. A. 920; Hawkins v. Bohling, 168 II). 214, 48 N. E. 94; Stewart v. Harriman, 56
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.