California Codes, 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

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.

Notes

Allows estates to be created to begin on a future day: a freehold estate or chattel real, a life estate in a term of years with a remainder limited on it, and a contingent or vested remainder after a term of years. Allows a fee limited on a fee if the contingency falls within the statutory rule against perpetuities.

Use as reference

Lexinter.net | California Code, Civil Code - CIV § 773 | https://laws.lexinter.net/codes/california/civil-code/division-2/part-2/title-2/chapter-1/section-773

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