55-107. ALTERNATIVE FUTURE INTERESTS. Two (2) or more future interests may be created to take effect in the alternative; so that if the first in order fails to vest, the next in succession shall be substituted for it, and take effect accordingly.
History:
[55-107, added R.S., sec. 2832; reen. R.C. & C.L., sec. 3063; C.S., sec. 5331; I.C.A., sec. 54-107.]
Structure Idaho Code
Title 55 - PROPERTY IN GENERAL
Chapter 1 - PROPERTY AND OWNERSHIP — GENERAL PROVISIONS
Section 55-101 - REAL PROPERTY DEFINED.
Section 55-101A - “LANDS” DEFINED.
Section 55-101B - “CONDOMINIUM” DEFINED.
Section 55-102 - PERSONAL PROPERTY DEFINED.
Section 55-103 - WHO MAY OWN PROPERTY.
Section 55-104 - INTERESTS IN COMMON.
Section 55-105 - FUTURE INTERESTS — WHEN VESTED.
Section 55-106 - CONTINGENT INTERESTS.
Section 55-107 - ALTERNATIVE FUTURE INTERESTS.
Section 55-108 - INHERITANCE BY POSTHUMOUS CHILDREN.
Section 55-109 - TRANSFER AND DEVOLUTION OF FUTURE INTERESTS.
Section 55-110 - POSSIBILITIES.
Section 55-111 - NO RULE AGAINST PERPETUITIES.
Section 55-111A - SUSPENSION OF POWER OF ALIENATION — FUTURE INTEREST BY POWER OF APPOINTMENT.
Section 55-112 - FUTURE INTERESTS DEFEATED.
Section 55-113 - FUTURE INTERESTS NOT DEFEATED.
Section 55-114 - FUTURE INTERESTS NOT DEFEATED BY PREMATURE DETERMINATION OF PRECEDENT ESTATE.