Code of Virginia § 55.1-2017. Rule against perpetuities; rule restricting unreasonable restraints on alienation.
78 words·~1 min read·
/va/title-55-1/chapter-20/55-1-2017A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The rules of property law known as the rule against perpetuities and the rule restricting unreasonable restraints on alienation shall not be applied to defeat any of the provisions of this chapter or of any provisions of any master deed or lease, bylaws, or other document executed in accordance with this chapter as to the horizontal property regime. This exemption shall not apply to estates in the individual apartments.
1966, c. 683, § 55-79.36; 2019, c. 712 .