Duration of possibility of reverter or right of entry for breach of condition subsequent
Applied in 1 court decision — leading case Girl Scouts of Southern Illinois v. Vincennes Indiana Girls, Inc. (2013)
Most recently applied in Girl Scouts of Southern Illinois v. Vincennes Indiana Girls, Inc. (May 2013)
As added by P.L.2-2002, SEC.2.
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.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.