North Dakota Statutes
§ 47-02-15 — Future estates - Classification
A future interest is either vested or contingent. It 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. It is contingent while the person in
whom or the event upon which it is limited to take effect remains uncertain.
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North Dakota § 47-02-15 (Future estates - Classification) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
In Re Hankel
223 B.R. 728 (D. North Dakota, 1998)
Nearby Sections
15
§ 47-01-01
Ownership defined§ 47-01-02
Property - Classification§ 47-01-03
Real property defined§ 47-01-04
Land defined§ 47-01-05
Fixtures defined§ 47-01-06
Appurtenances defined§ 47-01-07
Personal property defined§ 47-01-08
What may be subject to ownership§ 47-01-13
Ownership of land includes water