Montana Code 70-15-205. Remainder limited upon fee tail valid — vesting
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70-15-205. Remainder limited upon fee tail valid — vesting. When a remainder in fee is limited upon any estate that would by the common law be adjudged a fee tail, the remainder is valid as a contingent limitation upon a fee and vests in possession on the death of the first taker without issue living at the time of the first taker’s death.
Terms Used In Montana Code 70-15-205
- 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.
- 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.