Exclusions.

  1. Law
  2. New Mexico Statutes
  3. Uniform Probate Code
  4. Intestate Succession and Wills
  5. UNIFORM STATUTORY RULE AGAINST PERPETUITIES; HONORARY TRUSTS; TRUSTS FOR PETS; TIME LIMITS ON OPTIONS IN GROSS AND CERTAIN OTHER INTERESTS IN REAL PROPERTY
  6. Time Limits On Options In GrossAnd Certain Other Interests In Real Property
  7. Exclusions.

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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.

ANNOTATIONS

Effective dates. — Laws 2011, ch. 124, § 104 made Laws 2011, ch. 124, § 40 effective January 1, 2012.


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