Vest

Resource type: Glossary item

Status: Maintained

Jurisdictions: England, Wales

Has two meanings:

An asset vests in a person when title to the asset is transferred to that person.
A beneficial interest (www.practicallaw.com/3-202-2697) vests in a person when that person does not have to meet any conditions for the interest to take effect (see vested interest (www.practicallaw.com/9-383-4027)).

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Resource ID: 8-383-4768
Products: IP&IT, PLC Glossary, PLC Magazine (UK), PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Finance, PLC UK Law Department, PLC UK Pensions, PLC UK Private Client, PLC UK Property, PLC UK Share Schemes & Incentives
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Glossary

Vest in interest Vest in interest (http://uk.practicallaw.com/topic3-508-7812)
Vest in possession Vest in possession (http://uk.practicallaw.com/topic4-508-7835)
Vested interest Vested interest (http://uk.practicallaw.com/topic9-383-4027)

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