(a) Subject to the provisions of article 9:

(1) An estate may be created to commence at a future time.

(2) An estate for life may be created in a term of years and a future estate limited thereon.

(3) A future estate may be limited after a term of years, provided that, if such future estate is subject to a condition precedent, the condition must occur within the period prescribed by article 9.

(4) A fee or a lesser estate may be limited on a fee, subject to a condition precedent which must occur within the period prescribed by article 9.