North Dakota Code 47-04-20 – Remainder limited to heirs of body of life tenant – Rule in Shelley’s Case abolished
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When a remainder is limited to the heirs, or heirs of the body, of a person to whom a life estate in the same property is given, the persons who, on the termination of the life estate are the successors or heirs of the body of the owner for life, are entitled to take by virtue of the remainder so limited to them and not as mere successors of the owner for life.
Terms Used In North Dakota Code 47-04-20
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- 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.