vesting
vesting the process whereby a right to or interest in property becomes the subject of entitlement by someone. If an interest vests in posses- sion, the holder will become entitled to the immediate possession thereof; if it vests in interest, this signifies the existence of a prior interest that requires to be satisfied before possession can be assumed.In Scotland, vesting subject to defeasance refers to conditional bequests where the condition is resolutive and not suspensive: see generally Taylor v. Gilbert's Trs (1878) 5 R (HL) 217. It is most com-
398
vice-chancellor
/Image_409.png){kind=small}
monly encountered where a testator makes a bequest that is condi- tional only upon the possible birth of a child, in which case, if the doctrine applies, the condition is ignored but may later be defeated by the happening of the event.
- settled property
- settlement
- severability
- sex discrimination
- Sex Offender Order
- Sex Offenders Register
- shareholder
- share premium
- shares
- sharia
- Shepherdise
- sheriff
- Sherman Act
- SI
- sic utere tuo ut alienum non laedas
- sidebar
- signature
- silk
- simplex commendatio non obligat
- sine die
- Single European Act
- single member private limited companies
- sist
- SLAB
- sleeping partner