402. Expectancies.

402.     Expectancies.

A mere expectancy or possibility of an interest is not property1, and, if it remains a possibility or expectancy while the bankruptcy lasts, it does not become divisible among the creditors; but, if it becomes an actual interest2 during the bankruptcy, it is divisible among the creditors, if claimed by the trustee3.

A possibility coupled with an interest passes on bankruptcy4.