North Dakota Code 47-04-09 – Reversion defined
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A reversion is the residue of an estate left by operation of law in the grantor or the grantor’s successors or in the successors of a testator commencing in possession on the determination of a particular estate granted or devised.
Terms Used In North Dakota Code 47-04-09
- Grantor: The person who establishes a trust and places property into it.
- Testator: A male person who leaves a will at death.