Estates and Trusts - Rule Against Perpetuities
Sponsor: Chris West (District 42)Committee: Judicial ProceedingsSubject: Estates and TrustsStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 51 (as of Nov 6, 2020)
What this bill does
Official synopsis
Limiting a statutory exception to the common-law rule against perpetuities that provides that the rule does not apply to an option of a tenant to purchase all or part of the premises leased by the tenant to an option that is exercisable only during the term of the lease; and providing for the prospective application of the Act.
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Testimony (2)
MGA witness listFAV 2Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Levin, Ed | MD State Bar Association Real Property Section | Oral + Written (PDF) |
| FAV | Senator West, Senator Westlegislator | Individual | Oral + Written (PDF) |