California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 2. PROPERTY |
Part 2. REAL OR IMMOVABLE PROPERTY |
Title 2. ESTATES IN REAL PROPERTY |
Chapter 1. Estates in General |
Section 773.
Latest version.
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Subject to the rules of this title, and of Part 1 of this division, a freehold estate, as well as a chattel real, may be created to commence at a future day; an estate for life may be created in a term of years, and a remainder limited thereon; a remainder of a freehold or chattel real, either contingent or vested, may be created, expectant on the determination of a term of years; and a fee may be limited on a fee, upon a contingency, which, if it should occur, must happen within the period prescribed by the statutory rule against perpetuities in Article 2 (commencing with Section 21205) of Chapter 1 of Part 2 of Division 11 of the Probate Code.
(Amended by Stats. 1991, Ch. 156, Sec. 14.)