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.
Effective dates. — Laws 2011, ch. 124, § 104 made Laws 2011, ch. 124, § 36 effective January 1, 2012.
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