California Probate Code 21205 – A nonvested property interest is invalid unless one of the following …
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A nonvested property interest is invalid unless one of the following conditions is satisfied:
(a) When the interest is created, it is certain to vest or terminate no later than 21 years after the death of an individual then alive.
Terms Used In California Probate Code 21205
- Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62
(b) The interest either vests or terminates within 90 years after its creation.
(Added by Stats. 1991, Ch. 156, Sec. 24.)