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CITGO PETROLEUM CORP. v. HOPPER

Record No. 920892.

429 S.E.2d 6 (1993)

CITGO PETROLEUM CORPORATION, et al. v. Rowena B. HOPPER, et al.

Supreme Court of Virginia.

April 16, 1993.

Attorney(s) appearing for the Case

Archibald Wallace, III, Richmond (L. Lee Byrd, Sands, Anderson, Marks & Miller, on briefs), for appellants.

Richard L. Locke, Richmond (Helen L. Konrad; Mezzullo & McCandlish, on brief), for appellees.

Present: All the Justices.

STEPHENSON, Justice.

The sole issue presented in this appeal is whether the rule against perpetuities applies to an option to purchase that is appendant to a commercial lease and exercisable during the term of the lease.

Rowena B. Hopper and Sparks M. Hopper (the Hoppers) filed a declaratory judgment proceeding against Citgo Petroleum Corporation (Citgo) and The Southland Corporation (Southland). The Hoppers, the lessors in a certain commercial lease, alleged...

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