Classification of Interests in Real Property | Midpage

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Montana Code Annotated

Part 2

Classification of Interests in Real Property

70-15-201Application of classifications 70-15-202Enumeration of estates 70-15-203Fee simple 70-15-204Estates tail abolished -- considered fee simple 70-15-205Remainder limited upon fee tail valid -- vesting 70-15-206Freehold estates -- chattels real -- chattel interests 70-15-207Estate for life of third person -- freehold 70-15-208Term of years -- suspension of absolute ownership 70-15-209Future estate -- right of possession at future day 70-15-210Reversion 70-15-211Remainder 70-15-212Future and contingent estates -- how created 70-15-213Remainder upon a contingency 70-15-214Remainder not upon a contingency -- when to take effect 70-15-215Remainder to heirs of tenant for life -- effect of 70-15-216When vesting of future estate not prevented by power of appointment