shifting executory interests

listen to the pronunciation of shifting executory interests
İngilizce - İngilizce
plural form of shifting executory interest

İlgili Terimler

shifting executory interest
A third party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with the occurrence of a condition divesting the second party of the land in favor of the third party

Example: Joe gives land to Mike, but if Harry graduates from law school, to Harry. Harry has an shifting executory interest because his graduation from law school divests Mike of ownership.