Sections
26 entriesSection 678Defines ownership of property as being either absolute or qualified, dividing all property ownership into those two categories. Provides the classification alone,…Section 679Defines ownership of property as absolute when a single person has absolute dominion over it and may use or dispose of it…Section 680Defines ownership of property as qualified when it is shared with one or more persons, when the time of enjoyment is deferred…Section 681Defines ownership of property by a single person as sole ownership, also called several ownership. Supplies only that label for one-person ownership…Section 682Defines ownership of property by several persons as falling into four kinds: joint interest, partnership interests, interests in common, and community interest…Section 682.1Allows community property expressly declared in the transfer document to be community property with right of survivorship, and accepted in writing by…Section 683Defines a joint interest as one owned by two or more persons in equal shares under a single will or transfer that…Section 683.1Bars any contract or arrangement between a safe-deposit box business and its renters, made after this section took effect, from creating a…Section 683.2Allows a joint tenant to sever a joint tenancy in real property as to their own interest without the other tenants' consent,…Section 684Defines a partnership interest as one owned by several persons, in partnership, for partnership purposes. Supplies that definition alone, with no rights,…Section 685Defines an interest in common as one owned by several persons who hold neither in joint ownership nor in partnership. Gives that…Section 686Defines every interest created in favor of several persons in their own right as an interest in common by default. Excepts interests…Section 687Defines community property, for purposes of this code, as property that is community property under Part 2 of Division 4 of the…Section 688Defines an interest in property, as to the time of enjoyment, as either present or future and as either perpetual or limited.…Section 689Defines a present interest as one entitling the owner to immediate possession of the property. Provides that definition alone, setting no condition,…Section 690Defines a future interest as one entitling the owner to possession of the property only at a future period. Provides that definition…Section 691Defines a perpetual interest as one whose duration equals that of the property itself. Provides that single measure of duration and nothing…Section 692Defines a limited interest as one whose duration is less than that of the property itself. Provides that single measure of duration…Section 696Allows two or more future interests to be created to take effect in the alternative, so that if the first in order…Section 697Preserves a future interest against being void merely because the contingency on which it is limited to take effect is improbable. Sets…Section 698Allows posthumous children to take a future interest limited to successors, heirs, issue, or children in the same manner as if they…Section 699Allows future interests to pass by succession, by will, and by transfer in the same manner as present interests. Sets that single…Section 700Bars a mere possibility, such as the expectancy of an heir apparent, from counting as an interest of any kind in property.…Section 701Defines the interests in this Chapter, as they apply to real or immovable property, as estates, and points to Part II of…Section 702Limits the names and classification of interests in real property so they apply to interests in personal property only where this Division…Section 703Bars recognition of any future interest in property except those defined in this Division of the Code, so a future interest outside…