H7442

	2018 -- H 7442
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	LC003613
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2018
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	A N A C T
	RELATING TO PROPERTY -- ESTATES IN REAL PROPERTY--LIMITATION OF
	RESTRICTIVE COVENANTS

	Introduced By: Representatives Ackerman, Solomon, Craven, and Shekarchi
	Date Introduced: February 02, 2018
	Referred To: House Judiciary
	It is enacted by the General Assembly as follows:
1	SECTION 1. Section 34-4-21 of the General Laws in Chapter 34-4 entitled "Estates in
2	Real Property" is hereby amended to read as follows:
3	34-4-21. Limitation of restrictive covenants.
4	If a covenant or restriction concerning the use of land, other than housing restrictions as
5	set forth in § 34-39.1-3, and conservation restrictions and preservation restrictions as set forth in
6	§§ 34-39-3 and 34-39-4, is created by any instrument taking effect after May 11, 1953, the
7	covenant or restriction, if unlimited in time in the instrument creating it, shall cease to be valid
8	and operative thirty (30) years after the execution of the said instrument creating it; provided,
9	however, that the terms of this section shall not apply to any covenants and/or restrictions initially
10	created by the Commerce Oil Refining Corporation with respect to land in the town of
11	Jamestown.
12	SECTION 2. This act shall take effect upon passage.
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	LC003613
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO PROPERTY -- ESTATES IN REAL PROPERTY--LIMITATION OF
	RESTRICTIVE COVENANTS
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1	This act would make a technical amendment to the statute which provides for the
2	automatic termination of certain real property restrictions after thirty (30) years has lapsed.
3	This act would take effect upon passage.
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	LC003613
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	LC003613 - Page 2 of 2