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
( 11-102 )
Last Updated: 9/22/2020 2:52 PM