A contract that requires something occur in the future in order for it to be completed. … [Read more...]
Search Results for: Executor
EXECUTORY DEVISE
estates. An executory devise is a limitation by will of a future contingent interest in lands, contrary to the rules of limitation of contingent estate is in conveyances at law. When the limitation by will does not depart from those rules prescribed for the government of contingent remainders, it is, in that case, a contingent remainder, and not an executory devise. 2. An … [Read more...]
EXECUTORY INTEREST
An ownership interest in real property that will pass to another person or party only if certain events occur or specific conditions are met. … [Read more...]
EXECUTORY PROCESS
via executoria. In Louisiana, this is a process which can be resorted to only in two. cases, namely: 1. When the creditor's right arises-from an act importing a confession of judgment, and which contains a privilege or mortgage in his favor. 2. When the creditor demands the execution of a judgment which has been rendered by a tribunal different from that within whose … [Read more...]
EXECUTORY REMAINDER
See contingent remainder. … [Read more...]