Duration of possibility of reverter or right of entry for breach of
condition subsequent
Sec. 2. A possibility of reverter or right of entry for breach of a
condition subsequent concerning real property is invalid after thirty
(30) years from the date the possibility of reverter or right of entry is
created, notwithstanding a period of creation longer than thirty (30)
years:
(1) if the breach of the condition has not occurred; and
(2) despite whether the possibility of reverter or right of entry
was created before, on, or after July 1, 1993.
As added by P.L.2-2002, SEC.2.
Last modified: May 24, 2006