Subdivision 1. Common law remainders. When a future estate is dependent upon a precedent estate, it may be termed a remainder, and may be created and transferred by that name.
When a remainder on an estate for life or for years is not limited on a contingency defeating or avoiding such precedent estate, it shall be construed as intended to take effect only on the death of the first taker, or at the expiration, by lapse of time, of such term of years.
Subd. 2. Conditional limitations; shifting interests. A remainder may be limited on a contingency which, in case it should happen, will operate to abridge or determine the precedent estate; and every such remainder shall be construed a conditional limitation, and have the same effect as such limitation would have by law.
Subd. 3. Springing interests. Subject to the rules established in this chapter, a freehold estate, as well as a chattel real, may be created to commence at a future day; an estate for life may be created in a term of years, and a remainder limited thereon.
(8041, 8054, 8057, 8059) RL s 3200, 3213, 3216, 3218
Structure Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 500 — Estates In Real Property
Section 500.01 — Division As To Quantity.
Section 500.02 — Estates Of Inheritance.
Section 500.03 — Effect Of Conveyance To Grantee In Fee Tail.
Section 500.04 — Conveyance By Owner Of Fee Tail Estate.
Section 500.05 — Division Of Realty Or Personalty.
Section 500.06 — Division As To Time.
Section 500.07 — Estates In Possession.
Section 500.08 — Estates In Expectancy.
Section 500.10 — Future Estate; Statutory Remainders.
Section 500.11 — Future Estates; Inclusiveness.
Section 500.12 — Future Estates; Contingent.
Section 500.14 — Future Estates Construed; Validity; Creating Instruments.
Section 500.15 — Future Estates; Protection From Destructibility Rules.
Section 500.16 — Expectant Estates: Descendible, Devisable, Alienable.
Section 500.17 — Future Estates; Rents And Profits.
Section 500.18 — Commencement Of Expectant Estates.
Section 500.20 — Defeasible Estates.
Section 500.21 — Application To Ground Lease.
Section 500.215 — Limits On Certain Residential Property Rights Prohibited; Flag Display.
Section 500.221 — Restrictions On Acquisition Of Title.
Section 500.222 — Exempt Acreage In Land Exchange.
Section 500.24 — Farming By Business Organizations.
Section 500.245 — Right Of First Refusal For Agricultural Land.
Section 500.25 — Rights Of Farm Tenants On Termination Of Life Estates.