Appellate Division of the Supreme Court of the State of New York September 3, 1902 (In re Howland's Will)

SMITH, J.

By section 2 of the personal property law (chapter 417, Law 1897) it is provided:

“The absolute ownership of personal property shall not be suspended by any limitation or condition, for a longer period than during the continuance and until the determination of not more than two lives in being at the date of the instrument containing such limitation or condition; or, if such instrument