North Dakota Code 47-04-06 – Fee tail valid as contingent limitation upon a fee
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Where a remainder in fee is limited upon any estate which, by the common law, would be adjudged a fee tail, such 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 that person‘s death.
Terms Used In North Dakota Code 47-04-06
- 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.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. 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.