70-15-212. Future and contingent estates -- how created. Subject to the rules of parts 1, 3, and 4 of chapter 1, parts 1 and 2 of this chapter, and part 1 of chapter 17:
(1) a freehold estate, as well as a chattel real, may be created to commence at a future day;
(2) an estate for life may be created in a term of years and a remainder limited thereon;
(3) a remainder of a freehold or chattel real, either contingent or vested, may be created, expectant on the determination of a term of years; and
(4) a fee may be limited on a fee upon a contingency which, if it should occur, must happen within the period prescribed in this code.
History: En. Sec. 1222, Civ. C. 1895; re-en. Sec. 4493, Rev. C. 1907; re-en. Sec. 6735, R.C.M. 1921; Cal. Civ. C. Sec. 773; Field Civ. C. Sec. 230; re-en. Sec. 6735, R.C.M. 1935; R.C.M. 1947, 67-514.
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