2011 Wisconsin Statutes 700.03 – Classification of present and future interests
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700.03
700.03 Classification of present and future interests. Interests in property are classified as to time of enjoyment as:
700.03(2)
(2) A future interest, which does not entitle the owner to possession or enjoyment of the benefits of property until a future time.
700.03(1)
(1) A present interest, which entitles the owner to the present possession or enjoyment of the benefits of property; or