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  • SECTION 6-3.1
    Estates in possession and future estates
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  • PART 3
    Estates Classified As to Time of Enjoyment and Creation
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  • SECTION 6-3.3
    Concerning the creation of certain future estates
    • Viewing most recent revision (from 2014-09-22)

    SECTION 6-3.2

    Kinds of future estates

    Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 6, PART 3

    § 6-3.2 Kinds of future estates

    (a) Future estates are divided into:

    (1) Estates left in the creator, consisting of:

    (A) Reversions.

    (B) Possibilities of reverter.

    (C) Rights of reacquisition.

    (2) Estates in favor of a person other than the creator, namely
    remainders, that are:

    (A) Indefeasibly vested.

    (B) Vested subject to open.

    (C) Vested subject to complete defeasance.

    (D) Subject to a condition precedent.