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Real Property (access required)

Rule Against Perpetuities Where the land purchase contract provides that "at such time as the Subdivision Plat and the dedication of Palisades Parkway has been approved..., and recorded..., the Purchaser...shall reconvey" the reconveyance parcel "to Seller...or its successor assigns...," this language appears to create a fee simple determinable with a possibility of reverter in the ...