Legislation
SECTION 6-4.5
Definition of a possibility of reverter
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 6, PART 4
§ 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.
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.