A restriction that causes an estate to automatically end and revest in a third party upon the happening of a specified event.
? This type of limitation, which was not recognized at common law, can be created only as a shifting use or an executory devise. It is a condition subsequent in favor of someone other than the transferor.
¡ª Also termed conditional limitation. See fee simple subject to an executory limitation under FEE SIMPLE.
What is the legal equivalent of the term executory limitation in Chinese?
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