New York Estates, Powers & Trusts Law Section 6-4.8 - Definition of a future estate vested subject to open

6-4.8 Definition of a future estate vested subject to open
A  future  estate vested subject to open is an estate created in favor
  of a class of persons, one or more of whom are ascertained and in being,
  which is certain when created to become an estate in possession whenever
  and however the preceding estates end, and is subject to  diminution  by
  reason of another person becoming entitled to share therein.

Last modified: February 3, 2019