1. MCA Contents
  2. TITLE 70
  3. CHAPTER 1
  4. Part 3
  5. 70-1-323 Future interest -- when vested

TITLE 70. PROPERTY

CHAPTER 1. PROPERTY IN GENERAL REAL AND PERSONAL

Part 3. Kinds of Ownership Interests

Future Interest -- When Vested

70-1-323. Future interest -- when vested. A future interest is vested when there is a person in being who would have a right, defeasible or indefeasible, to the immediate possession of the property upon the ceasing of the intermediate or precedent interest.

History: En. Sec. 1115, Civ. C. 1895; re-en. Sec. 4448, Rev. C. 1907; re-en. Sec. 6690, R.C.M. 1921; Cal. Civ. C. Sec. 694; Field Civ. C. Sec. 186; re-en. Sec. 6690, R.C.M. 1935; R.C.M. 1947, 67-320.