Future Interests - Rule Against Perpetuities - Legislation Exempting Options to Purchase in Leases

Authors

Edward A. Manuel S.Ed., University of Michigan Law SchoolFollow

Abstract

A recent West Virginia statute provides that in all leases subsequently executed, an option to purchase the whole or any part of the leased premises-exercisable during or at the end of the term is not subject to the rule against perpetuities. The statute also provides that the rule against perpetuities shall not constitute a defense to a suit to enforce such an option against the lessor. W. Va. Code (Michie, Cum. Supp. 1957) §3541(3).

Recommended Citation

Edward A. Manuel S.Ed., Future Interests - Rule Against Perpetuities - Legislation Exempting Options to Purchase in Leases, 56 Mich. L. Rev. 146 (1957).
Available at: https://repository.law.umich.edu/mlr/vol56/iss1/18