California Civil Code

§ 884.030

CIV § 884.030Div. 2 · Title 5 · Part 2 · Ch. 4

Statute text

(a)Except as otherwise provided in this section, this chapter applies on the operative date to all recorded instruments that create or give constructive notice of options to purchase real property, whether executed or recorded before, on, or after the operative date.

(b)This chapter shall not cause an option that expires according to its terms within one year before, on, or within one year after the operative date of this chapter to expire of record until one year after the operative date.

(c)This chapter shall not cause an option that provides no expiration date and that is recorded before the operative date of this chapter to expire of record until five years after the operative date of this chapter.

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Legislative history

Added by Stats. 1982, Ch. 1268, Sec. 1.