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LSDefine

Simple English definitions for legal terms

remainder subject to divestment

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A quick definition of remainder subject to divestment:

Remainder subject to divestment: This means that someone has the right to own something, but that right can be taken away or "divested" under certain conditions. It is similar to a defeasible remainder, which is a type of property ownership that can be lost if certain conditions are not met. Essentially, a remainder subject to divestment is a type of ownership that is not completely secure and can be lost if certain conditions are not met.

A more thorough explanation:

A remainder subject to divestment is a type of defeasible remainder, which means that the right to inherit property is not absolute and can be taken away under certain conditions. In the case of a remainder subject to divestment, the right to inherit the property is conditional upon the occurrence of a specific event or condition.

For example, if a father leaves his house to his son, but with the condition that if the son gets married, the house will go to his daughter instead, then the son has a remainder subject to divestment. If the son gets married, the condition is triggered, and the son's right to inherit the house is divested, or taken away, and the daughter becomes the new owner.

Another example could be if a person leaves a piece of land to a charity, but with the condition that the charity must use the land for a specific purpose, such as building a community center. If the charity fails to use the land for that purpose, the remainder subject to divestment would allow the property to go to another beneficiary.

These examples illustrate how a remainder subject to divestment can be used to ensure that property is used in a specific way or to provide for alternative beneficiaries if certain conditions are not met.

remainder subject to a condition precedent | remainder subject to open

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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