58-503. Same (grant or devise to person for life and then to some other).

58-503

Chapter 58.--PERSONAL AND REAL PROPERTY
Article 5.--REAL OR PERSONAL PROPERTY GRANTED OR DEVISED (THE PROPERTY ACT OF 1939)

      58-503.   Same (grant or devise to person for life and then to someother).When real or personal property is granted or devised to one person forlife, and then to some other person, or persons, whether named individuallyor as one or more of a class of which the individuals can be ascertained bythe time the fee is possessed, the instrument by which such property is sotransferred shall be construed as creating in the person first named anestate during the person's lifetime only, and a remainder in fee simple in theperson or persons last named.

      History:   L. 1939, ch. 181, § 3; July 1.