§ 6-4.5 Definition of a possibility of reverter\n A possibility of reverter is the future estate left in the creator or\nin his successors in interest upon the simultaneous creation of an\nestate that will terminate automatically within a period of time defined\nby the occurrence of a specified event.\n
N.Y. Est. Powers & Trusts Law § 6-4.5
Definition of a possibility of reverter
Applied in 1 court decision — leading case Bergman Chase Manhattan Mortgage and Realty Trust v. Bergman
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.