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Statutes > New York Laws > EPT - Estates, Powers & Trusts > Article 6 - CLASSIFICATION, CREATION, DEFINITION OF, AND RULES GOVERNING ESTATES IN PROPERTY > Part 3 - (6-3.1 - 6-3.4) ESTATES CLASSIFIED AS TO TIME OF ENJOYMENT AND CREATION > 6-3.2 - Kinds of future estates

STATE STATUTES & CODES

NEW YORK STATUTES AND CODES

6-3.2 - Kinds of future estates

§ 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.

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