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Code · Wisconsin · Chapter 700 — Interests in property

700.03 Classification of present and future interests.

61 words·~1 min read·/wi/chapter-700/700-03

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700.03 Classification of present and future interests. Interests in property are classified as to time of enjoyment as:
(1)A present interest, which entitles the owner to the present possession or enjoyment of the benefits of property; or
(2)A future interest, which does not entitle the owner to possession or enjoyment of the benefits of property until a future time.
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