vested right

An immediate fixed right of present or future enjoyment; an immediate right of present enjoyment, or a present fixed right of future enjoyment. 16 Am J2d Const L § 421; 28 Am J2d Est § 6. A right in the form of a title, legal or equitable, to the present or future enjoyment of property, or to the present or future enforcement of a demand, or a legal exemption from a demand made by another. Hagerty v Administrator, Unemployment Compensation Act, 137 Conn 129, 75 A2d 406, 20 ALR2d 960. The term includes title, legal or equitable, to the present or future enforcement of a demand or a legal exemption from a demand made by another, though it must be something more than such a mere expectation as may be based on an anticipated continuance of general laws. Massa v Mastri, 125 Conn 144, 3 A2d 839, 120 ALR 939. To be vested, a right must have become a title, legal or equitable, to the present or Future enjoyment of property, or to the present or future enforcement of a demand, or a legal exemption from a demand made by another. Hagerty v Administrator, Unemployment Compensation Act, 137 Conn 129, 75 A2d 406, 20 AI_R2d 960. See vested estate; vested interest.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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  • vested interest — A fixed right to the enjoyment of property in an ascertained person which is subject to no condition other than the termination of a precedent estate. Stevens v Carroll, 64 Or 417, 129 P 1044. An interest when vested, whether it entitles the… …   Ballentine's law dictionary

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