North Dakota Code 47-04-19 – Remainder limited on contingency
Current as of: 2023 | Check for updates
|
Other versions
A remainder may be limited on a contingency which, in case it should happen, will operate to abridge or determine the precedent estate. Every such remainder shall be deemed a conditional limitation.
Terms Used In North Dakota Code 47-04-19
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- 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.