Shifting executory interest

{
  "id": "MLC-T-LAW-004536",
  "term": "Shifting executory interest",
  "field": "Law",
  "definition": "A future interest in property that divests a prior estate in a grantee and transfers it to another grantee upon the occurrence of a specified condition. Unlike a springing executory interest, which divests the grantor, a shifting interest takes effect by cutting short an estate held by someone other than the grantor. This type of interest is a form of executory limitation, which became possible after the Statute of Uses in 1536.",
  "url": "https://mlchart.com/terminology/law/shifting-executory-interest/"
}