43-3-10. Vested future interest defined.
36 words·~1 min read·
/sd/title-43/chapter-43-3/43-3-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A future interest is vested when there is a person in being who would have a right, defeasible or indefeasible, to the immediate possession of the property, upon the ceasing of the intermediate or precedent interest.