§ 6-4.5 Definition of a possibility of reverter A possibility of reverter is the future estate left in the creator or in his successors in interest upon the simultaneous creation of an estate that will terminate automatically within a period of time defined by the occurrence of a specified event.
Definition of a possibility of reverter
N.Y. Estates, Powers & Trusts Law § 6-4.5, under Estates Defined.
N.Y. Estates, Powers & Trusts Law § 6-4.5