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vested right |
Also found in: Financial, Wikipedia | 0.01 sec. |
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By that time, any Measure 37 claims would be void - unless a landowner can meet the standards of vested rights. Rejecting A's argument, the Tax Court found constructive receipt inapplicable, because A lacked an "unqualified, vested right to receive immediate payment" in 1989; see Augustin Jombo, TC Memo 2002-273 (citing Richard A. ``Upon the approval of the specific plan, execution of the development agreement and issuance of the grading permit, the petitioners obtained a vested right to complete the grading in accordance with the grading permit,'' he said. |
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