New York Estates, Powers & Trusts Law Section 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 subject to complete defeasance.
(D)  Subject to a condition precedent.

Last modified: February 3, 2019