V, Vested Rights.
Edited By: Kermit L. Hall, James W. Ely Jr., Joel B. Grossman
Edited By: Kermit L. Hall
The phrase “vested rights” is today more a slogan for both admirers and detractors than a concept of determinate meaning. In a general way it connotes a legal regime that protects *property rights both from private interference and from taking by government without compensation. It derives its force from more specific, analogous concepts of property law, such as vested estates or vested interests, and is an extrapolation of their content into the realm of public law, where it is associated with the more tangible doctrines of *eminent domain and substantive *due process.
William M. Wiecek