executory limitation

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.

— Also termed conditional limitation. See fee simple subject to an executory limitation under FEE SIMPLE.

---

词条贡献者

译者崇载，国际名校知识产权法专业，擅长翻译有关人工智能、机器学习和机器人技术领域的法律文件。