Legal Definition and Related Resources of Possibility Of Reverter

That interest remaining in a grantor who has conveyed a determinable fee. Halvering v Hallock, 309 U.S. 106, 60 S. Ct. 444, 84 L.Ed. 604. An interest remaining in a grantor by deed or his successor in interest or in the testator ‘s heirs or devisees where , by grant or devise , there has been created an estate in fee simple determinable or an estate in fee simple conditional. Distinct from a reversionary interest in that a reversionary interest is a vested estate while the possibility of reverter is only a possibility of having an estate at a future time. See Sorrells v McNally, 89 Fla. 457, 105 So. 109; also, Prall v Burckhartt, 299 III. 19, 132 N.E. 280.

Browse or run a search for Possibility Of Reverter in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Possibility Of Reverter in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Possibility Of Reverter in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Possibility Of Reverter in the Legal Abbreviations and Acronyms Dictionary.

You might be also interested in these legal terms:

Concept of Possibility of Reverter in the context of Real Property

A short definition of Possibility of Reverter: The term shows no estate (interest) in property, but only the chance that an estate will exist at a future time. If a property were sold on the condition that it be used for a park, and, if not used for a park, would revert back to the seller, the seller would have a possibility of reverter.

Concept of Possibility of Reverter in the context of Real Property

A short definition of Possibility of Reverter: The term shows no estate (interest) in property, but only the chance that an estate will exist at a future time. If a property were sold on the condition that it be used for a park, and, if not used for a park, would revert back to the seller, the seller would have a possibility of reverter.