Roger McEowen: Right of Refusal and Perpetuity
January 25, 2016
NASHVILLE, Tenn (RFD-TV) RFD-TV’s Market Day Report hosts a weekly interview with Roger McEowen, Professor of Agricultural Law and Taxation at the Washburn University School of Law, and an affiliate with the Kansas Farm Bureau.
The topic of this week’s interview: it’s not uncommon that a right of refusal is utilized when agricultural land is sold. But the actual drafting language of that provision can have an important impact. Rules against perpetuities can also come into play in such situations. How do perpetuity and right of refusal rules work together? What things should be kept in mind when drafting such resolutions? How have courts interpreted these laws in recent cases? Professor McEowen gives his answers to these and other questions in the video above.