N.M. Stat. § 45-2-909

Interest in real property.

Last amended: 2011Year: 2026Length: 49 wordsOfficial source
An option in gross with respect to an interest in real property or a preemptive right in the nature of a right of first refusal in gross with respect to an interest in real property becomes invalid if it is not actually exercised within thirty years after its creation.
N.M. Stat. § 45-2-909: Interest in real property. | Justis AI