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Transfer Of Property Act, 1882
19. Vested interest.- Where, on a transfer of property, an interest therein is created ... intention appears from the terms of the transfer. A vested interest is not defeated by the death of the transferee
Central Government Act
contingent interest in the property. Such interest becomes a vested interest, in the former case, on the happening
Central Government Act
Property Act, 1882
20. When unborn person acquires vested interest on transfer for his benefit.- Where, on a transfer ... intention appear from the terms of the transfer, a vested interest, although he may not be entitled to the enjoyment
Central Government Act
which elucidate the expressions "vested interest" and
"contingent interest" in the context ... transfer of property read as under:
"19. Vested interest.- Where, on a transfer of property, an
interest therein
Supreme Court of India
sons of Fakir Mahomed
would have a vested interest in the property according to the law
applicable to them ... secondly, that the sons of Fakir Mahomed had a vested interest in the
property in question, and that as their
Bombay High Court
necessary to hear in mind
the distinction between a vested interest and a contingent
interest. An interest is said ... vested interest when
thee is immediate right of present enjoyment or a present
right for future enjoyment. An interest
Supreme Court of India
provisions in Exhibit A-1
restricting the absolute and vested interest in favour of the plaintiff
could not impinge upon ... unambiguous intention
of Meenakshi Ammal to create a vested interest in Velagpan, though it
was postponed for her life
Madras High Court
whether under
the Will the sons took immediate vested interests under the Will or if
vesting is postponed until ... widow's death. If the sons took vested
interests at the testator's death, then one of the arguments levelled
Calcutta High Court
mate grand-children of Munuswamy had no vested interest, but had
only a contingent interest was wrong ... favour of an
unborn person, there was a vested interest on him and that the
alterative provision was only
Madras High Court
view that the interest
was a vested interest and he, accordingly, determined the value of the
interest on the relevant ... valuation dates on the basis of its being a
vested interest. We are not concerned in this reference with
Gujarat High Court
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