2016 New York Laws
EPT - Estates, Powers & Trusts
Article 6 - CLASSIFICATION, CREATION, DEFINITION OF, AND RULES GOVERNING ESTATES IN PROPERTY
Part 3 - (6-3.1 - 6-3.4) ESTATES CLASSIFIED AS TO TIME OF ENJOYMENT AND CREATION
6-3.3 - Concerning the creation of certain future estates
6-3.3 Concerning the creation of certain future estates(a) Subject to the provisions of article 9:
(1) An estate may be created to commence at a future time.
(2) An estate for life may be created in a term of years and a future estate limited thereon.
(3) A future estate may be limited after a term of years, provided that, if such future estate is subject to a condition precedent, the condition must occur within the period prescribed by article 9.
(4) A fee or a lesser estate may be limited on a fee, subject to a condition precedent which must occur within the period prescribed by article 9.
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