§ 18-12-302 - Dissolution. - Arkansas Statutes

18-12-302. Dissolution.

(a) (1) Any estate which under the common law would be deemed an estate tail or a fee tail estate or any estate created by reason of a conveyance to a grantee or grantees and the heirs of his or her body or to other contingent remaindermen may be dissolved by the grantor creating such an estate and all life tenants and all of the other persons then living who might be remaindermen in event of the death of the life tenant or tenants executing a conveyance of the fee.

(2) The conveyance shall vest in the grantee the fee simple title to the lands therein conveyed.

(b) The method of extinguishing the estates mentioned in subsection (a) of this section shall apply equally to those estates now in existence and to those which may hereafter come into existence.

(c) The rights and privileges provided by this section are permissive and cumulative to the rights and remedies now existing under the laws of this state.