- Estates and Trusts - Rule Against Perpetuities
- Sponsored by
- Senator West
- In the Senate - Hearing 1/23 at 1:00 p.m.
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.
Bill File Type: Regular
Effective Date(s): October 1, 2020
Last Updated: 1/19/2020 9:41 AM