Idaho Code 55-105 – Future Interests — When Vested
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 55-105
- person: includes a corporation as well as a natural person;
Idaho Code 73-114Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way. Property: includes both real and personal property. See Idaho Code 73-114
A future interest is vested when there is a person in being who would have a right, defeasible or indefeasible, to the immediate possession of the property upon the ceasing of the immediate or precedent interest.