executory interests

executory interests
Estates in futuro created by executory devises or by conveyances to uses, recognized in equity and validated by the Statute of Uses, but invalid under the early common law as in contravention of the rigid rules against a limitation of a fee on a fee or the taking effect of a future estate by the cutting short of a prior estate. 28 Am J2d Est 333.

Ballentine's law dictionary. . 1998.

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  • executory interests — A general term, comprising all future estates and interests in land or personalty, other than reversions and remainders. A future interest held by a third person (not the grantor) which either cuts short (shifting) or begins some time after… …   Black's law dictionary

  • executory interests — A general term, comprising all future estates and interests in land or personalty, other than reversions and remainders. A future interest held by a third person (not the grantor) which either cuts short (shifting) or begins some time after… …   Black's law dictionary

  • Executory interest — An Executory Interest is a future interest, held by a third party transferee (i.e. someone other than the grantee), which either cuts off another s interest or begins after the natural termination of a preceding estate. It differs from a… …   Wikipedia

  • executory devises — Estates in futuro consisting of executory interests created by devises, recognized in equity and validated by the Statute of Uses and the Statute of Wills, but invalid under the early common law as in contravention of the rigid rules against a… …   Ballentine's law dictionary

  • executory estate — An estate which is to vest in possession at a future time. See executory interests …   Ballentine's law dictionary

  • future interests — Remainders, reversions, executory interests, and other interests to come into possession or enjoyment in the future, whether vested or contingent, and whether or not supported by a particular estate. The title of an advanced course on the law of… …   Ballentine's law dictionary

  • descendibility of future interests — Legal suitability of a future interest such as a remainder or executory interest to pass by inheritance on death of the holder …   Black's law dictionary

  • descendibility of future interests — Legal suitability of a future interest such as a remainder or executory interest to pass by inheritance on death of the holder …   Black's law dictionary

  • Future interest — This article is about the legal concept of future interests in property. For the actuarial valuation of future streams of income, see Future interests (actuarial science) …   Wikipedia

  • Rule against perpetuities — The rule against perpetuities is a rule of law in effect under the property, trusts, estate, and contract law of many common law jurisdictions. The rule invalidates certain future interests (traditionally contingent remainders and executory… …   Wikipedia

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