700.03 Classification of present and future interests.

WI Stat § 700.03 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

700.03 Classification of present and future interests. Interests in property are classified as to time of enjoyment as:

(1) A present interest, which entitles the owner to the present possession or enjoyment of the benefits of property; or

(2) A future interest, which does not entitle the owner to possession or enjoyment of the benefits of property until a future time.