possibility of a reverter

Definition of "possibility of a reverter"
  1. A chance that the ownership of a property will go back to the person who first gave it, if certain conditions are not met
How to use "possibility of a reverter" in a sentence
  1. If the school fails to maintain the playground, the possibility of a reverter is there for Donor X, who originally donated the land.
  2. The land was given to the city park under the stipulation that it always remains public, enforcing a possibility of a reverter.
  3. The donated building must continue to operate as a library, or the possibility of a reverter will come into play.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z