Section 89-1-71 - Death of grantee right-holder extinguishes right of first refusal in real property under certain circumstances

A right of first refusal in real property granted through a contractual agreement or any other written instrument of conveyance is extinguished upon the death of the grantee right-holder unless the contractual agreement or instrument of conveyance, or a memorandum of the contractual agreement or instrument of conveyance, is filed for recording in the land records of the county in which the real property lies and unambiguously states that upon the death of the grantee right-holder, the right of first refusal shall be binding upon and inure to the benefit of the heirs and assigns of the grantee right-holder.Added by Laws, 2024, ch. 391, HB 325,§ 1, eff. 7/1/2024.