N.Y. Estates, Powers and Trusts Law 6-4.8 – Definition of a future estate vested subject to open
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§ 6-4.8 Definition of a future estate vested subject to open
A future estate vested subject to open is an estate created in favor of a class of persons, one or more of whom are ascertained and in being, which is certain when created to become an estate in possession whenever and however the preceding estates end, and is subject to diminution by reason of another person becoming entitled to share therein.