Kentucky Statutes 381.218 – Abolition of fee simple determinable and possibility of reverter
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The estate known at common law as the fee simple determinable and the interest known as the possibility of reverter are abolished. Words which at common law would create a fee simple determinable shall be construed to create a fee simple subject to a right of entry for condition broken. In any case where a person would have a possibility of reverter at common law, he shall have a right of entry.
Effective: June 16, 1960
History: Created 1960 Ky. Acts ch. 167, sec. 4, effective June 16, 1960.
Effective: June 16, 1960
Terms Used In Kentucky Statutes 381.218
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
History: Created 1960 Ky. Acts ch. 167, sec. 4, effective June 16, 1960.