MLchartDataset catalogue

Springing executory interest

Term · Law · MLC-T-LAW-004651

A future interest in property that divests the grantor and becomes possessory upon the occurrence of a specified condition. It does not follow a preceding estate but rather 'springs' out of the grantor's retained interest. This type of interest violates the common law Rule Against Perpetuities if it could vest too remotely.

Table 1. Record
IdentifierMLC-T-LAW-004651
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004651",
  "term": "Springing executory interest",
  "field": "Law",
  "definition": "A future interest in property that divests the grantor and becomes possessory upon the occurrence of a specified condition. It does not follow a preceding estate but rather 'springs' out of the grantor's retained interest. This type of interest violates the common law Rule Against Perpetuities if it could vest too remotely.",
  "url": "https://mlchart.com/terminology/law/springing-executory-interest/"
}

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