Texas § 240.0501 DEFINITION.

Texas Statutes

§ 240.0501 — DEFINITION.

Texas § 240.0501

Code PRProperty Code

This text of Texas § 240.0501 (DEFINITION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Property Code Code Ann. § 240.0501 (2026).

Text

Sec. 240.0501. DEFINITION. In this subchapter, "future interest" means an interest that:

(1)takes effect in possession or enjoyment, if at all, later than the time at which the instrument creating the interest becomes irrevocable; and

(2)passes to the holder of the interest at the time of the event that causes the taker of the interest to be finally ascertained and the interest to be indefeasibly vested.

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Sec. 240.0501. DEFINITION. In this subchapter, "future interest" means an interest that:
(1) takes effect in possession or enjoyment, if at all, later than the time at which the instrument creating the interest becomes irrevocable; and
(2) passes to the holder of the interest at the time of the event that causes the taker of the interest to be finally ascertained and the interest to be indefeasibly vested.