Establishing that the common-law rule against perpetuities as
recognized in the State does not apply to specified options, rights to
acquire land, rights or privileges to acquire interests in business
entities, or nondonative property interests; establishing that
specified nondonative property interests shall be void unless the
interests are not subject to common-law rules against perpetuities or
the interests have become effective, been exercised, or become vested
within specified periods of time under specified circumstances; etc.
