Alabama Code (Last Updated: November 28, 2014) |
Title35 PROPERTY. |
Chapter4. CONVEYANCES AND CREATION OF ESTATES. |
Article8. Remainders and Executory Devises. |
§35-4-211. Vested or contingent remainders generally.
Latest version.
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Remainders are either vested or contingent. A vested remainder is one limited to a certain person at a certain time or upon the happening of a necessary event. A contingent remainder is one limited to an uncertain person or upon an event which may or may not happen.