32-17-10-1. Application of Chapter

Sec. 1. This chapter does not apply to the following: (1) A conveyance made for the purpose of extinguishing a possibility of reverter or a right of entry. (2) The rights of: (A) a mortgagee based on the terms of the mortgage; (B) a trustee or beneficiary under a trust deed in the nature of […]

32-17-10-2. Duration of Possibility of Reverter or Right of Entry for Breach of Condition Subsequent

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 […]