| 释义 |
vesting order
1. A court order transferring assets held by a company on behalf of a person to that person after the dissolution of the company. In the absence of such an order, the property will become bona vacantia and pass to the Crown. A vesting order is usually obtained by application to the Chancery Division of the High Court. 2. An order of the High Court creating or transferring a legal estate in land. Such an order may be made, for example, when an equitable mortgagee exercises his power of sale: the court may make an order vesting the land in the purchaser. |