North Dakota Code 47-04-08 – Future estate limited
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A future estate may be limited by the act of the party to commence in possession at a future day, either without the intervention of a precedent estate, on the termination by lapse of time, or otherwise, of a precedent estate created at the same time.
Terms Used In North Dakota Code 47-04-08
- 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.