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32-17-10-2. Duration of possibility of reverter or right of entry for breach of condition subsequent

IN Code § 32-17-10-2 (2019) (N/A)
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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.

[Pre-2002 Recodification Citation: 32-1-21-2.]

As added by P.L.2-2002, SEC.2.

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