70-1-424. Future contingent interest -- termination of precedent interest. 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 afterwards 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: En. Sec. 1183, Civ. C. 1895; re-en. Sec. 4477, Rev. C. 1907; re-en. Sec. 6719, R.C.M. 1921; Cal. Civ. C. Sec. 742; Field Civ. C. Sec. 214; re-en. Sec. 6719, R.C.M. 1935; R.C.M. 1947, 67-420.
Structure Montana Code Annotated
Chapter 1. Property in General Real and Personal
Part 4. Conditions and Limitations of Ownership
70-1-401. Fixing time of enjoyment -- computation -- condition
70-1-403. Condition precedent requiring wrongful act
70-1-404. Conditions restraining marriage void
70-1-405. Conditions restraining alienation void
70-1-419. Future interest not void for improbable contingency
70-1-420. Future interest limited to class -- posthumous children
70-1-421. Future interest subject to defeat -- how -- not void
70-1-422. Future interest contingent on death without children -- how defeated
70-1-423. Future interest not defeated by destruction of other interest
70-1-424. Future contingent interest -- termination of precedent interest