§ 55-79.36. Rule against perpetuities; rule restricting unreasonable restraints on alienation
The rule of property law known as the rule against perpetuities, and the rule of property law known as the rule restricting unreasonable restraints on alienation, shall not be applied to defeat any of the provisions of this chapter or of any provisions of any master deed or lease, bylaws or other document executed in accordance with this chapter as to the condominium project. This exemption shall not apply to estates in the individual condominiums.
(1966, c. 683.)
Sections: Previous 55-79.24 55-79.25 55-79.26 55-79.27 55-79.28 55-79.29 55-79.30 55-79.31 55-79.32 55-79.33 55-79.34 55-79.35 55-79.36 55-79.37 55-79.38 NextLast modified: April 3, 2009