55-114. FUTURE INTERESTS NOT DEFEATED BY PREMATURE DETERMINATION OF PRECEDENT ESTATE. No future interest, valid in its creation, is defeated by the determination of the precedent interest before the happening of the contingency on which the future interest is limited to take effect; but should such contingency afterward happen, the future interest takes effect in the same manner and to the same extent as if the precedent interest had continued to the same period.
History:
[(55-114) R.S., sec. 2839; reen. R.C. & C.L., sec. 3070; C.S., sec. 5338; I.C.A., sec. 54-114.]
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.