Illinois Compiled Statutes 765 ILCS 340/1 – No future interest shall fail or be defeated by the determination of …
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Terms Used In Illinois Compiled Statutes 765 ILCS 340/1
- Precedent: 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.
No future interest shall fail or be defeated by the determination of any precedent estate or interest prior to the happening of the event or contingency on which the future interest is limited to take effect.