Definition of a Possibility of Reverter

  1. Law
  2. New York Laws
  3. Estates, Powers and Trusts
  4. Classification, Creation, Definition Of, and Rules Governing Estates in Property
  5. Estates Defined
  6. Definition of a Possibility of Reverter

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§ 6-4.5 Definition of a possibility of reverter

A possibility of reverter is the future estate left in the creator or in his successors in interest upon the simultaneous creation of an estate that will terminate automatically within a period of time defined by the occurrence of a specified event.



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