SENATE BILL 424

45th legislature - STATE OF NEW MEXICO - first session, 2001

INTRODUCED BY

Phil A. Griego







AN ACT

RELATING TO FUTURE INTERESTS; REPEALING THE STATUTORY RULE AGAINST PERPETUITIES.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. REPEAL.--Sections 45-2-901 through 45-2-906 NMSA 1978 (being Laws 1992, Chapter 66, Sections 1 through 6, as amended) are repealed.

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2001.

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