possibility of reverter

possibility of reverter
A type of future interest, if it may be properly designated as an interest, which remains in a grantor by deed or his successor in interest or in a testator's heirs or devisees where, by grant or devise, there has been created an estate in fee simple determinable or an estate in fee simple conditional, the fee automatically reverting upon the occurrence of the event by which the estate is limited. Anno: 16 ALR2d 1247; 28 Am J2d Est § 182. There is a difference between a true possibility of reverter and a power of termination which consists of a right of entry for condition broken retained by the grantor of a fee upon a condition subsequent. Donehue v Nilges (Mo) 266 SW2d 553, 45 ALR2d 1150. Some authorities, however, designate the right of reentry for condition broken or the power of termination which remains in the grantor or his successors in interest or in the heirs or devisees of a testator, where an estate on condition subsequent has been created, as a "possibility of reverter." 28 Am J2d Est § 182.

Ballentine's law dictionary. . 1998.

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  • possibility of reverter — pos·si·bil·i·ty of reverter: a future interest in property that is retained by the grantor of a conditional fee or determinable fee and by which property reverts to the grantor upon the occurrence of a particular event or fulfillment of a… …   Law dictionary

  • possibility of reverter — noun Where a grantor of an estate in land has created a fee simple subject to condition subsequent (a condition on the grant which would give the grantor the right to reclaim ownership of the property), the grantors remaining interest in the… …   Wiktionary

  • possibility of reverter — a future interest in property left to a transferor or his successor in interest that is subject to a condition precedent …   Useful english dictionary

  • reverter — re·vert·er /ri vər tər/ n [Anglo French, from reverter to return, from Old French revertir to return, revert, from Latin revertere to turn back] 1: reversion 2: possibility of reverter ◇ Althoug …   Law dictionary

  • possibility — An uncertain thing which may happen. A contingent interest in real or personal estate. It is either near (or ordinary), as where an estate is limited to one after the death of another, or remote (or extraordinary), as where it is limited to a man …   Black's law dictionary

  • reverter — /ravartar/ Reversion. A possibility of reverter is that species of reversionary interest which exists when the grant is so limited that it may possibly terminate. See formedon in the reverter …   Black's law dictionary

  • possibility of a reverter — n. A chance that an estate will return to the person who granted it if certain conditions occur. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. possibility of a reverter …   Law dictionary

  • reverter, possibility of — A contingent future interest in real property that a grantor of a determinable fee possesses after he or she has conveyed property. Dictionary from West s Encyclopedia of American Law. 2005. reverter, possibility of …   Law dictionary

  • reverter — I. ]d.ə(r) noun ( s) Etymology: Middle English, from Anglo French reverter to return (taken as a noun), from Old French revertir to return, revert 1 …   Useful english dictionary

  • reverter — The restoration of the use of property to a donor in dedication upon the termination of the use for which dedicated. 14 Am J2d Cem § 24. See formedon in the reverter; possibility of re verter; reversion; revert …   Ballentine's law dictionary

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