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Grandfathered Activities

Categories: Regulations

See: Grandfathering.

If your grandpappy was tapping that stream to water his horses, then you get to keep those rights. They are grandfathered into your egress rights, to whatever property around that river is being sold. Your rights are grandfathered into the new land ownership rights.

It's nice to have come from...somewhere.

Find other enlightening terms in Shmoop Finance Genius Bar(f)