70-15-202. Enumeration of estates. Estates in real property, in respect to the duration of their enjoyment, are either:
(1) estates of inheritance or perpetual estates;
(2) estates for life;
(3) estates for years;
(4) estates from year to year, quarter to quarter, month to month, week to week, day to day, and for other indefinite and unascertained durations of enjoyment whatsoever, except estates or tenancies at will; or
(5) estates at will.
History: En. Sec. 1210, Civ. C. 1895; re-en. Sec. 4481, Rev. C. 1907; re-en. Sec. 6723, R.C.M. 1921; Cal. Civ. C. Sec. 761; Field Civ. C. Sec. 218; amd. Sec. 1, Ch. 48, L. 1931; re-en. Sec. 6723, R.C.M. 1935; R.C.M. 1947, 67-502.
Structure Montana Code Annotated
Chapter 15. Definitions and Kinds of Estates in Real Property
Part 2. Classification of Interests in Real Property
70-15-201. Application of classifications
70-15-202. Enumeration of estates
70-15-204. Estates tail abolished -- considered fee simple
70-15-205. Remainder limited upon fee tail valid -- vesting
70-15-206. Freehold estates -- chattels real -- chattel interests
70-15-207. Estate for life of third person -- freehold
70-15-208. Term of years -- suspension of absolute ownership
70-15-209. Future estate -- right of possession at future day
70-15-212. Future and contingent estates -- how created
70-15-213. Remainder upon a contingency
70-15-214. Remainder not upon a contingency -- when to take effect
70-15-215. Remainder to heirs of tenant for life -- effect of
70-15-216. When vesting of future estate not prevented by power of appointment