55-105 FUTURE INTERESTS -- WHEN VESTED.

TITLE 55

PROPERTY IN GENERAL

CHAPTER 1

PROPERTY AND OWNERSHIP -- GENERAL PROVISIONS

55-105. Future interests -- When vested. A future interest is vested when there is a person in being who would have a right, defeasible or indefeasible, to the immediate possession of the property upon the ceasing of the immediate or precedent interest.