...James W. Scanlon, for appellee. Real property — Conveyances — Future interests — Reversion — Possibility of reverter — Restatement..., Property. 1. A reversion includes a possibility of reverter and may be inherited, sold and conveyed. [115-16] 2. Restatement, Property...surface and the underlying coal, severed the title to the coal from the title to the surface; that the possibility of reverter in the coal lands was never released to Meredith; and that by...

...Co., 113 Tex. 160, 173-74, 254 S.W. 290, 295 (1923). The "possibility of reverter" is the real property term of art for what the...possibility of reverter. Since the royalty rights may be separately alienated, they may be conveyed as part of this possibility of reverter the same as the mineral estate may be. Thus the analysis in Alford...so-called "future lease" provision in the Mayes-Luckel deed presently conveyed the possibility of reverter to one-fourth fractional interest of the royalty interest as part of the mineral estate. 3A W...

.... 2. Deeds 15; Estates 4.1 — fee simple determinable estate — possibility of reverter The grantor's conveyance of a fee simple determinable estate leaves in the grantor a possibility of reverter, which...is not an estate in the land but is a reversionary interest therein. 3. Descent and Distribution 1; Deeds 15 — possibility of reverter — descent to the heirs of the...grantor Absent a valid inter vivos transfer, a possibility of reverter passes by descent to the heirs of the grantor of the fee simple determinable or, if the grantor was a corporation, to the successors...

...grantor's possibility of reverter. Thus, we reverse the judgment of the court of appeals and affirm the judgment of the trial court..., 295 (1923). A possibility of reverter is the interest left in a grantor after the grant of a fee simple determinable. Caruthers v..., writ ref'd n.r.e.) (lessor of mineral estate retains non-possessory interest in the minerals which is a possibility of reverter). The grantor's possibility of reverter in the mineral estate becomes a...

...for so long thereafter as minerals may be produced in paying quantities creates in the grantee a fee simple determinable, and establishes in the grantor a possibility of reverter. Since the rule...against perpetuities does not apply to the possibility of reverter, such a grant is unquestionably valid under the rule. The question arises in the present case, however, whether the...possibility of a reverter following a reservation or exception by a grantor may violate the rule. We see no basis for a distinction. Although the terms "reservation" and...

.... Parsons hold an interest in the same real estate, (b) that Defendants' interest "is a possibility of reverter," and (c) that a possibility of reverter "is an interest in...appeal that the trial court erred in finding that Defendants had an interest in the real estate at issue because (1) a possibility of reverter is inalienable, unassignable, and cannot be devised, and (2...) any attempt to convey or devise a possibility of reverter destroys it. In 1932, Edna Myers owned the property in question, a 159-acre tract of land. On December 23, 1932, she...

...possibility of reverter on land given to the County and pay mere nominal damages to the owner of the reversionary interest. The trial court answered this issue in the affirmative and the court of appeals.... Generally, under the Restatement of Property, a mere possibility of reverter has no ascertainable value when the event upon which the...covenant would ever be broken, the value of the possibility of reverter was so speculative as to be nominal only. McCarthy, 464 S.W.2d at 384...

...involved in this suit was, at the time of her death, a possibility of reverter. 21 C.J. 1017, par. 180. A possibility of reverter cannot be devised but is...Vicksburg, for appellees. The appellants argue at great length in their brief that the title that Mrs. Johnson had in and to the land in question was that of a possibility of reverter. The.... The appellees, of course, take issue with the contention that a possibility of reverter cannot be devised but is inheritable, as it is the sole ground relied upon by the appellees as a basis for...

...possibility of reverter. Finding error, we reverse and render judgment for Appellants. Mitchell v. Map Res., Inc..., Magnolia—believing the possibility of reverter had been foreclosed upon, sold by the sheriff, and transferred to it—then executed an oil-and-gas lease covering the property with Finley Resources, Inc...7, 2016, the Trust—believing the possibility of reverter had never been foreclosed upon—executed its own oil-and-gas lease with Ridgefield Energy Investments, LLC. On June 27, 2017, Ridgefield Energy...

...a possibility of reverter. City appealed. Reversed 2. MUNICIPAL CORPORATIONS — Statute — Second Class City...— Only — Sell and Dispose — Real Property — Full Compliance — Warranty Deed — Possibility of Reverter. Although statute gives city of second class only the power "to sell and dispose" of property...compliance with the statute and the possibility of reverter contained in the warranty deed was valid and enforceable. Error to the District Court of...

.... 1. ESTATES — Intent — Conveyance — Indefinite Time — Estate — Fee Simple Determinable — Cessation of Use — Possibility of Reverter. When the apparent intent of the...exists, is the possibility of reverter. 2. Estate on Condition — Fee on Limitation — Distinction. If the purpose of the grantor is to compel compliance with a condition by the.... 4. REVERSIONS — Possibility of Reverter — Cast by Descent — Heirs — Time of Death. The rule that the possibility of reverter is...

.... As to release of possibility of reverter, see annotation in 38 A.L.R., 1111. Supreme Court of Tennessee, at Knoxville. September Term, 1927.... ESTATES. "POSSIBILITY OF REVERTER." NOT ASSIGNABLE. Where an estate is created by a trust deed containing a reversion clause the "possibility of reverter" is not assignable even by...the grantor. (Post, p. 141.) Citing: Board of Education v. Baker, 124 Tenn. (16 Cates), 39. 5. TRUSTEES. ESTATE CREATED. "POSSIBILITY OF REVERTER." MAY...

...anticipated the possibility of sale of the two sites, and brought these actions to have declared invalid, under the Reverter Act, any possibilities of reverter that might exist by reason of the deeds...one-tenth interest as heirs of the original grantor; that the tract had been abandoned for school purposes, and that as a consequence they were now its owners by way of reverter. Each case was referred to a master, who recommended quieting title in the plaintiffs. In the Batdorf case the master held that the possibility of...reverter was inalienable, that the evidence of abandonment of the site for school uses was insufficient, and that the possibility of...

...provision, it held a reversionary interest or the ‘possibility of reverter’ in the property.” Id. While we agree that the deed did not create a possibility of reverter, we disagree that El...grantor retained a reversionary interest, described as a possibility of reverter, in the event the land was not used as a park. Id.... A possibility of reverter is a term of art for a future interest retained by a grantor that conveys a determinable fee; “it is the...

.... Alienability of Possibility of Reverter. 1. The Supreme Court will not consider issues not made by the pleadings but raised for the first time in Supreme Court on appeal...possibility of reverter is the type of future interest, if it may be properly designated as an interest, which remains in a grantor by deed, or his successor in interest or in a testator's heirs or devisees...litigation. 8. The offense of maintenance cannot be based on the conveyance of a possibility of reverter. 9...

.... Ridge shut in the only two producing wells, both located on the Ridge tract, for approximately ninety days and subsequently executed new leases with the owners of the possibility of reverter of the...that the possibility of reverter of the mineral interest in each tract has become separate as well. The successors to the lessor's interest in the Guinn tract have no interest in the Ridge tract, and...." None of the lessors are parties to this suit, with the exception of Ridge, who obtained a percentage of the possibility of reverter of the mineral estate on the...

...had in the possibility of reverter was extinguished by the conveyance to Bullock. Therefore, the effect of that instrument may present a serious question which we shall review hereinafter...effect of the deed from Starrs to the railway. The plaintiffs claim that the deed conveyed a fee upon special limitation and that the grantors retained a possibility of reverter. They contend that they...have succeeded to the grantors' interests in the possibility of reverter which ripened into an estate in fee simple upon the discontinuance of the use of the land for railroad purposes...

...possibility of reverter in Austin, which, being a mere contingency, is not considered an interest in land and cannot be aliened or sold. Appellees, without attempting to define the interest originally...defining a possibility of reverter are so numerous and technical in the use of the terms employed that they are more confusing than helpful. In Walker v. Irvine's Ex'r..., 263 Ky. 61, 91 S.W.2d 990, 991, an interest identical to that originally retained by F.L. Austin was described as a "possibility of reversion." At common law, a true possibility of reverter was...

...above described oil, gas, and mineral royalty interests. . . ." The question presented is whether the reverter of the above described term royalty interest passed under the partition deed. Appellants urge that the language in the recitations serves to specifically reserve the possibility of...reverter in John Jr.'s term royalty, while appellees argue that the language merely describes the royalty interest reserved to John, Jr. The trial court agreed with appellees and found that the language did not except the possibility of...127, 132 (Tex.Civ.App. __ Beaumont 1938, writ ref'd). A possibility of reverter is an interest in land which can be assigned or sold. Carruthers v. Leonard, 254...

...— Gift to an Individual — Gifts to Group In Esse Nominatim and In Esse — Equitable Reversions — Seisin in Equitable Estates — Possibility of Reverter — Devisability, at Common Law and by Statute...from heir to heir, not subject to the rule seisina facit stirpitem and not as mere possibilities of reverter. pp. 343-344 The common law rules as to seisin are not applicable to equitable estates. p. 343 If one who has an estate in fee simple creates a determinable fee in another, he has thereafter merely a possibility of...reason of the occurrence of the contingency named or indicated, and this possibility is known as a possibility of reverter. p. 345 At common law a possibility of reverter is not an...