{"data":{"id":"us-tx/tex.-property-code-240.0501","jurisdiction":"us-tx","citation":"Tex. Property Code § 240.0501","heading":"DEFINITION.","body":"In this subchapter, \"future interest\" means an interest that:\n(1) takes effect in possession or enjoyment, if at all, later than the time at which the instrument creating the interest becomes irrevocable; and\n(2) passes to the holder of the interest at the time of the event that causes the taker of the interest to be finally ascertained and the interest to be indefeasibly vested.\nAdded by Acts 2015, 84th Leg., R.S., Ch. 562 (H.B. 2428), Sec. 15, eff. September 1, 2015.","path":["PROPERTY CODE","TITLE 13. DISCLAIMER OF PROPERTY INTERESTS","CHAPTER 240. TEXAS UNIFORM DISCLAIMER OF PROPERTY INTERESTS ACT","SUBCHAPTER B. TYPE AND EFFECT OF DISCLAIMER"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.240.htm#240.0501","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"504eeba95c56e6ee6efcb150918375ca11071262ee75d7cce198948f5f5a8663","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-240.009","next":"us-tx/tex.-property-code-240.051"},"notice":"GroundRules: Original legal text. Not legal advice."}