Legislation

Title: Estates and Trusts - Rule Against Perpetuities - Exception for Tenant's Option to Purchase
Sponsored by: Delegate Rosenberg
Status: In the House - First Reading House Rules and Executive Nominations
Analysis

Synopsis

Limiting a statutory exception to the common-law rule against perpetuities that provides that the rule does not apply to an option of a tenant to purchase all or part of the premises leased by the tenant to an option that is exercisable only during the term of the lease; and providing for the prospective application of the Act.

Committees

Original:: Rules and Executive Nominations

Details

Bill File Type: Regular

Effective Date(s): October 1, 2019

History

Legislation History
Chamber House Calendar Date 2/18/2019 Legislative Date 2/18/2019 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Estates and Trusts - Rule Against Perpetuities - Exception for Tenant's Option to Purchase Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/18/2019	2/18/2019	First Reading House Rules and Executive Nominations
			Text - First - Estates and Trusts - Rule Against Perpetuities - Exception for Tenant's Option to Purchase

File Code

Subjects

Statutes