43-3 PRESENT AND FUTURE INTERESTS IN PROPERTY
PRESENT AND FUTURE INTERESTS IN PROPERTY
Duration of enjoyment of property--Conditional enjoyment.
Effect of conditions precedent or subsequent.
Validity of condition precedent requiring performance of wrongful or unlawful act.
Validity of conditions imposing restraints upon marriage.
Conditions restraining alienation--Effect of repugnancy.
Mere possibility does not constitute an interest in property.
Present or future interest--Time of enjoyment--Right to possession of property.
Limitation, condition, or interest--Time of creation.
Future interest vested or contingent.
Vested future interest defined.
Contingent future interest defined.
Improbability of contingency does not invalidate future interest.
Creation of future interests to take effect in the alternative.
Limitation of future interest to successors, heirs, issue, or children--Rights of
Effect of limitation of future interest by grant to take effect on death without issue.
Birth of posthumous child terminates future interest depending on death without
successors under certain circumstances.
Creator of future interest may provide for its termination.
Future interest unaffected by act of owner of intermediate or precedent interest.
Future interest not defeated by determination of precedent interest.
Conveyance of future interest.
Perpetual or limited interest in property--Duration of enjoyment.