N.Y. Estates, Powers and Trusts Law 6-5.11 – Non-destructibility of remainders subject to a condition
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§ 6-5.11 Non-destructibility of remainders subject to a condition
Terms Used In N.Y. Estates, Powers and Trusts Law 6-5.11
- 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.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
precedent
A remainder is not defeated by the determination of a precedent estate before the occurrence of the condition precedent on which the remainder was limited to take effect. If such condition precedent subsequently occurs, the remainder takes effect in the same manner and to the same extent as if the precedent estate had continued.