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LAYNE v. HENDERSON

Record Nos. 831614, 831548.

351 S.E.2d 18 (1986)

Burton C. LAYNE v. Linda Layne HENDERSON, Administratrix, etc. E. Bruce HARVEY v. Linda Layne HENDERSON, Administratrix, etc.

Supreme Court of Virginia.

November 26, 1986.

Attorney(s) appearing for the Case

William K. Grogan, Richmond, for appellant, Burton C. Layne.

J. Rodney Johnson, Richmond, (John Edward Lane, III; Eller & Lane, Altavista, on brief), for appellee, Linda Layne Henderson.

A. David Hawkins (Overbey, Overbey & Hawkins, Rustburg, on briefs), for appellant, E. Bruce Harvey.

Present: All the Justices.

COMPTON, Justice.

The broad question for decision in this appeal is whether the provisions of an option contract violate the rule against perpetuities.

The facts have been stipulated. In 1948 and 1960, three brothers, Dempsey G. Layne, Carter G. Layne, and appellant Burton C. Layne purchased as tenants in common farms in Pittsylvania County, one containing approximately 225 acres and the other containing about 150 acres. Subsequently, the brothers executed...

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