No future interest, valid in its creation, is defeated by the determination of the precedent interest before the happening of the contingency on which the future interest is limited to take effect; but should such contingency afterwards happen, the future interest takes effect in the same manner and to the same extent as if the precedent interest had continued to the same period.
Cal. Civ. Code § 742
Termination of Ownership
Applied in 1 court decision — leading case 59 Cal. 2d 97 - Casey v. Proctor (1963)
Most recently applied in 59 Cal. 2d 97 - Casey v. Proctor (February 1963)
Enacted 1872.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.