Sec. 13.
Future estates are either vested or contingent:
They are vested when there is a person in being who would have an immediate right to the possession of the lands, upon the ceasing of the intermediate or precedent estate.
They are contingent whilst the person to whom, or the event upon which they are limited to take effect remains uncertain.
History: R.S. 1846, Ch. 62 ;-- CL 1857, 2597 ;-- CL 1871, 4080 ;-- How. 5529 ;-- CL 1897, 8795 ;-- CL 1915, 11531 ;-- CL 1929, 12933 ;-- CL 1948, 554.13
Structure Michigan Compiled Laws
Chapter 554 - Real and Personal Property
R.S. of 1846 - Revised Statutes of 1846 (554.1 - 554.46)
Section 554.1 - Estates in Lands; Kinds as Respects Length of Enjoyment.
Section 554.2 - Estate of Inheritance; Fee Simple.
Section 554.3 - Estate of Inheritance; Fee Tail; Abolition, Declaration as Fee Simple.
Section 554.4 - Estate of Inheritance; Remainder in Fee After a Fee Tail; Validity.
Section 554.5 - Freehold Estates; Chattels Real; Chattel Interests.
Section 554.6 - Estate for Life of Another; Nature.
Section 554.7 - Estates in Land; Kinds as Respects Time of Enjoyment.
Section 554.8 - Estates in Possession and in Expectancy; Definition.
Section 554.9 - Estates in Expectancy; Classifications.
Section 554.10 - Future Estate; Definition.
Section 554.11 - Future Estate; Remainder.
Section 554.12 - Reversion; Definition.
Section 554.13 - Future Estates; Classifications, Definitions.
Section 554.14-554.20 - Repealed. 1949, Act 38, Eff. Sept. 23, 1949.
Section 554.21 - Repealed. 1988, Act 417, Imd. Eff. Dec. 27, 1988.
Section 554.22 - Heirs and Issue; Construction as Used in Remainders.
Section 554.23 - Repealed. 1949, Act 38, Eff. Sept. 23, 1949.
Section 554.24 - Estates to Commence in Future; Estates in Term for Years.
Section 554.25 - Alternative Future Estates.
Section 554.26 - Future Estates; Validity as Affected by Probability of Contingency.
Section 554.27 - Remainder on Contingency Defeating Prior Estate; Construction.
Section 554.28 - Rule in Shelly's Case; Abolition.
Section 554.29 - Remainder Not Contingency Defeating Prior Estate; Construction.
Section 554.30 - Posthumous Child; Right to Take Estate.
Section 554.31 - Posthumous Child; Effect of Birth on Certain Future Estates.
Section 554.32 - Expectant Estates; Effect of Alienation or Destruction of Precedent Estate.
Section 554.33 - Expectant Estates; Authorized Method of Defeasance, Effect on Original Validity.
Section 554.34 - Contingent Remainder; Effect of Premature Determination of Precedent Estate.
Section 554.35 - Expectant Estates; Qualities.
Section 554.36 - Rents and Profits to Accrue; Disposition.
Section 554.37, 554.38 - Repealed. 1952, Act 6, Eff. Sept. 18, 1952.
Section 554.39, 554.40 - Repealed. 1952, Act 7, Eff. Sept. 18, 1952.
Section 554.41 - Expectant Estates; Time of Creation.
Section 554.42 - Expectant Estates; Abolition, Exceptions.
Section 554.43 - Estates; Kinds in Respect to Number and Connection of Owners; Nature.
Section 554.44 - Land Conveyance to Two or More Persons; Estate Created.
Section 554.45 - Land Conveyance; Exceptions to Preceding Section.
Section 554.46 - Land Conveyance; Nominal Conditions; Effect of Failure to Perform.