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. SOURCE: CC § 694.
21 GCA § 1225 — under Property in General.
21 GCA § 1225
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. SOURCE: CC § 694.