A. Section 45-2-912 NMSA 1978 does not apply to a possibility of reverter, right of entry or executory interest that is held by a charity, a government or governmental agency or subdivision excluded from the provisions of Section 45-2-901 NMSA 1978 by Subsection E of Section 45-2-904 NMSA 1978.
B. Sections 45-2-909 and 45-2-910 NMSA 1978 do not apply to an option, a preemptive right in the nature of a right of first refusal or a lease that relates solely to an interest in oil, gas or other minerals.
History: 1978 Comp., § 45-2-911, enacted by Laws 2011, ch. 124, § 40.
Effective dates. — Laws 2011, ch. 124, § 104 made Laws 2011, ch. 124, § 40 effective January 1, 2012.
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