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Simple English definitions for legal terms

Springing executory interest

Read a random definition: Warsaw Convention

A quick definition of Springing executory interest:

A springing executory interest is a type of future interest that comes into effect after the grantor's interest ends. It's like a surprise gift that you only get after someone else has finished using it.

A more thorough explanation:

Springing executory interest

A type of future interest that becomes effective only when a specific event occurs, and it follows an interest that the grantor held.

For example, a grantor may convey a piece of property to their child, but only when the child graduates from college. Until the child graduates, the grantor retains ownership of the property. Once the child graduates, the ownership of the property "springs" from the grantor to the child, creating an executory interest.

Another example is a grantor conveying a piece of property to a charity, but only if the charity uses the property for a specific purpose, such as building a community center. If the charity fails to use the property for the specified purpose, the ownership of the property "springs" back to the grantor or to another designated party.

Springing executory interests are future interests that "spring" into effect only when a specific event occurs. These interests follow an interest that the grantor held, and they can be used to ensure that property is used for a specific purpose or that ownership is transferred only when certain conditions are met. The examples illustrate how a springing executory interest works in practice, showing how ownership of property can be transferred or retained based on specific conditions.

springing durable power of attorney | springing interest

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haha suckers!!!!!!!!!!!!!!!!!
20:38
prolly have a lil family and hobbies what loosers
hahah losers like what? you travel? have a life? not me, i'm reading every line of a contract while my seniors go play golf and enjoy like hahaha suckers
20:40
yea inverse perspective, what is fun is not fun and what is not fun is fun
20:40
you get it.
i wanna be able to travel a ton too
my ex just posted a harry potter related joke i think i dodged a bullet
20:41
Im only going to law school to recruit members for the revolution
20:41
nice where u wanna go? yea bullet dodged fr
can we join even if we're not at ur school
20:44
yeah but youd be in a different chapter
20:44
are we revolting against people who do not use their signal whilst driving?
20:44
We’re revolting against the man, man
20:45
Power does not flow from the sleeve of a judges robe to paraphrase
fuck yeah i'm down
MrThickRopes
20:46
uhhh
MrThickRopes
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MrThickRopes
20:46
PUT DA BEAT ON BRUH
20:48
Aight yall can join but I call dibs on being assassinated
MrThickRopes
20:49
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MrThickRopes
20:49
Up in da club
MrThickRopes
20:49
Up in da club uns uns uns uns uns uns
the unction
20:55
just got a DUI while drinkin an NA beer in my car
20:55
someone help is some1 a hoya lowya here?!
MrThickRopes
21:03
Yoooo wtf
21:03
jk ropes but I do got ops fr
MrThickRopes
21:12
Me too bruh they praying on my downfall fr
21:19
bruh i got ppl tryna make my head a brain smoothie
21:19
serve me with some margarita mix and agave sweetener and summ
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