The New York Court of Appeals recently held that the New York Real Property Law, requiring registration of possibilities of reverter and powers of termination as a condition for their preservation, was invalid in its attempted retrospective application. This decision may have persuasive impact beyond New York, as most marketable title acts contain a similar provision.
Real Property Law: State Police Power Held Insufficient to Regulate Registration of Existing Possibilities of Reverter and Powers of Termination as Condition for Preservation,
1966 Duke Law Journal
Available at: http://scholarship.law.duke.edu/dlj/vol15/iss1/14