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Unformatted text preview: intangible, and existing only in contemplation of law,. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it either expressly or as incidental to its very existence.- It is a contract made on valuable consideration. It is a contract for the security and disposition of property. It is a contract on the faith of which real and personal estate has been conveyed to the corporation. It is, then, a contract within the letter of the constitution-Vested Right o When you wear a vest you wear it close to you, think of words like invest o A vested right is a right so close to you that it is part of you as a person i.e. poperty o vested rights get all possible constitutional protection o marshal says you HAVE to protect these...
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- Spring '08