The estate known at common law as the fee simple determinable and the interest known as the possibility of reverter are abolished. Words which at common law would create a fee simple determinable shall be construed to create a fee simple subject to a right of entry for condition broken. In any case where a person would have a possibility of reverter at common law, he shall have a right of entry.
KRS 381.218
Abolition of fee simple determinable and possibility of reverter
Applied in 1 court decision — leading case Unknown Heirs, Devisees, Legatees & Assigns of Devou v. City of Covington (1991)
Most recently applied in Unknown Heirs, Devisees, Legatees & Assigns of Devou v. City of Covington (April 1991)
Effective: June 16, 1960 History: Created 1960 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.