6-3.1 – Estates in Possession and Future Estates

§ 6-3.1 Estates in possession and future estates Estates in property, as to the time of their enjoyment, are classified as estates in possession and future estates.

6-3.2 – Kinds of Future Estates

§ 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 […]

6-3.3 – Concerning the Creation of Certain Future Estates

§ 6-3.3 Concerning the creation of certain future estates (a) Subject to the provisions of article 9: (1) An estate may be created to commence at a future time. (2) An estate for life may be created in a term of years and a future estate limited thereon. (3) A future estate may be limited […]

6-3.4 – When Future Estates Are Created

§ 6-3.4 When future estates are created A future estate is created when the disposition creating it becomes legally effective.