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The Laws of New York
Consolidated Laws of New York
CHAPTER 17-B
Estates, Powers & Trusts
ARTICLE 6
Classification, Creation, Definition Of, and Rules Governing Estates In Property
PART 3
Estates Classified As to Time of Enjoyment and Creation
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SECTION 6-3.1
Estates in possession and future estates
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PART 3
Estates Classified As to Time of Enjoyment and Creation
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SECTION 6-3.3
Concerning the creation of certain future estates
This entry was published on 2014-09-22
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SECTION 6-3.2
Kinds of future estates
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 6, PART 3
§ 6-3.2 Kinds of future estates

(a) Future estates are divided into:

(1) Estates left in the creator, consisting of:

(A) Reversions.

(B) Possibilities of reverter.

(C) Rights of reacquisition.

(2) Estates in favor of a person other than the creator, namely
remainders, that are:

(A) Indefeasibly vested.

(B) Vested subject to open.

(C) Vested subject to complete defeasance.

(D) Subject to a condition precedent.