Current through 2024 NY Law Chapter 457
Section 6-3.2 - Kinds of future estates(a) Future estates are divided into: (1) Estates left in the creator, consisting of:(B) Possibilities of reverter.(C) Rights of reacquisition.(2) Estates in favor of a person other than the creator, namely remainders, that are: (B) Vested subject to open.(C) Vested subject to complete defeasance.(D) Subject to a condition precedent.