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Case Citations [1] (April 2023 - August 2023)

handle is hein.ali/relwprpty0264 and id is 1 raw text is: THE AMERICAN LAW INSTITUTE Spring 2023 Citations PROPERTY DIVISION 3. FUTURE INTERESTS PART 1. INTRODUCTION CHAPTER 7. FUTURE INTERESTS DIFFERENTIATED § 153. Future Interests Differentiated from Other Property Interests Ct.Fed.C1.2022. Cit. in sup. Native American village corporation brought, among other things, a takings claim against the United States, alleging that defendant deprived plaintiff of its reversionary interests in buildings that were transferred to it from the U.S. Air Force and subject to leases to third-party entities, because the Air Force later rescinded the transfer and ousted plaintiff. This court granted in part plaintiff's motion for summary judgment, holding that defendant violated plaintiff's valid reversionary interests in the buildings through the Air Force's ouster letter. Citing Restatement of Property § 153, the court rejected defendant's assertion that reversions were future interests that were not violated when plaintiff was ousted from the property, and explained that reversions were future interests that vest in existing, nonpossessory estates. Cully Corporation v. United States, 160 Fed.Cl. 360, 381. Ct.Fed.Cl.2022. Cit. in sup. Native American village corporation brought, among other things, a takings claim against the United States, alleging that defendant deprived plaintiff of its reversionary interests in buildings that were transferred to it from the U.S. Air Force and subject to leases to third-party entities, because the Air Force later rescinded the transfer and ousted plaintiff This court entered an order amending a prior interlocutory decision, holding that a letter from the Air Force rescinding its ouster letter and recognizing the validity of the buildings' transfer to plaintiff warranted modification of the court's prior order denying the parties' motion for summary judgment. Citing Restatement of Property § 153, the court observed that plaintiff's takings claim against defendant remained ripe, because plaintiff retained reversionary interests in the property that vested prior to the ouster, and the wrongful ouster constituted material interference with plaintiff's interests in the property. Cully Corporation v. United States, 160 Fed.Cl. 142, 147. § 154. Reversionary Interest-Reversion-Possibility of Reverter N.H.2021. Cit. and quot. in disc. After grantor conveyed real property to grantee subject to a purported reversionary interest if the property ceased to be used as a golf course, and then transferred the reserved right to a local nonprofit organization, successor of grantee filed an action to quiet title against organization, claiming that grantor's transfer of its future interest to organization was void. The trial COPYRIGHT C2023 By THE AMERICAN LAW INSTITUTE All rights reserved Printed in the United States of America For earlier citations, see the Appendices, Supplements, or Pocket Parts, if any, that correspond to the subject matter under examination.

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