Section 6-3.2. Kinds of future estates  


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  • (a)  Future estates are divided into:
        (1)  Estates left in the creator, consisting of:
        (A)  Reversions.
        (B)  Possibilities of reverter.
        (C)  Rights of reacquisition.
        (2)    Estates  in  favor  of  a person other than the creator, namely
      remainders, that are:
        (A)  Indefeasibly vested.
        (B)  Vested subject to open.
        (C)  Vested subject to complete defeasance.
        (D)  Subject to a condition precedent.