Section 45-2-909 - Interest in real property

An option in gross with respect to an interest in real property or a preemptive right in the nature of a right of first refusal in gross with respect to an interest in real property becomes invalid if it is not actually exercised within thirty years after its creation. History: 1978 Comp., § 45-2-909, enacted by Laws 2011, ch. 124, § 36. ANNOTATIONSEffective dates. — Laws 2011, ch. 124, § 104 made Laws 2011, ch. 124, § 36 effective January 1, 2012.