Interests in the transferor known as:
a. Reversion – the interest remaining in the grantor who transferred something less than he had. This cannot be created in a transferee. These are all vested.
b. Possibility of reverter – the future interest that remains in the grantor after conveying a fee simple determinable. This becomes possessory automatically, if at all.
c. Right of entry (a/k/a power of termination) – the future interest that remains in the grantor after conveying a fee simple subject to a condition subsequent. This becomes possessory only upon an action by the grantor.
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