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Preliminary Draft 3 1 (July 15, 1932)

handle is hein.ali/relpfutin0044 and id is 1 raw text is: URTATK MT OF FUUMR INUMM6S INTRODUWORY NOTS The term 'ONtre ntereosts has eq4tre4 a defnte eantent In the thinking of the professeon. It noltee the aeuulstod boites of rules s to reverstins, possibilities of reverter, powers of termination and remairders, as well a those rules as to eees* tory interests, which evolved In the Chanoery practices a* to noes but whioh, tn part at least, had a further evolution at low an a result of the eixteenth century ttutee of Ue and ille. Powers of appointment oeeOy a soehat anomalous position. They have been and still are employed typically In the spas Inetro- *onto a create future tnterests. In origin and evolution they have htd constant interdependenoe with exeoutory interests. Nevertheless the intereots of the donee of euoh a power and of the prospective appointees un4er edh t. powr are on largely different from other future Interests that oomplexity of eapressnin would result it throughout this estatement, the term flture interest* woe used to inelude such interest* created under a power. Constant euceptions would need to be ststed, particularly in the part of the Restatement desltig with ehareateristioe. The kinship in origin, evolution and utillsation equtres that thtis eatatement include a formulation of the prinotples applioeble to powers of appointment. ocnvenience in language requires that the term f tue intert'et be used so that *powers of appointment$ and the tatreete of the donee and prospective appointees be not included thereby. When the varioue types of future interest* are vieed as varying congeries of rigtes, privileges, powers and tnommittee, it

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