DUDLEY, Justice.
The only issue we need to decide is whether an option to purchase real estate violates the rule against perpetuities.
In 1971, the appellant, Otter Creek Development Company, a domestic limited partnership, was formed for the purpose of investing in and developing a tract of land at the then proposed junction of Interstate Highway 30 and Interstate Highway 430 in south Pulaski County. Otter Creek acquired a large tract of land and, on March...
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