What Is a Vesting Order?

Answer

Vesting order refers to court injunction that transfers the legal ownership of a property in a place of legal conveyance. In a layman term, vesting order is a court order that gives a person, possession of a given property. Mostly used in determination of civil cases.
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1 Additional Answer
A vesting order is a court order that gives a person, possession, control or title of property in place of a legal conveyance. A vesting order must be made within three months of the applicant becoming aware of the disclaimer or of his/her receiving a copy of the liquidator notice of disclaimer. A vesting order must be accompanied by a witness statement.
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