No estate in lands can be created by way of contingent remainder; but every estate created by any will or conveyance, which might have taken effect as a contingent remainder, has the same properties and effect as an executory devise.
History: (Code 1852, §1301; Code 1867, §1571; Code 1876, §2180; Code 1886, §1826; Code 1896, §1022; Code 1907, §3398; Code 1923, §6902; Code 1940, T. 47, §137.)