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2014 New York Laws
EPT - Estates, Powers & Trusts
Article 6 - CLASSIFICATION, CREATION, DEFINITION OF, AND RULES GOVERNING ESTATES IN PROPERTY
Part 4 - (6-4.1 - 6-4.10) ESTATES DEFINED
6-4.8 - Definition of a future estate vested subject to open

NY Est Pow & Trusts L § 6-4.8 (2014) What's This?
6-4.8 Definition of a future estate vested subject to open

A  future  estate vested subject to open is an estate created in favor
  of a class of persons, one or more of whom are ascertained and in being,
  which is certain when created to become an estate in possession whenever
  and however the preceding estates end, and is subject to  diminution  by
  reason of another person becoming entitled to share therein.

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