New Mexico Statutes 45-2-909. Interest in real property
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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.
Terms Used In New Mexico Statutes 45-2-909
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.