Jason Oil Company v. Littler

The opinion of the court was delivered by Johnson, J.:

This is a quiet title action involving the mineral interests in two tracts of real estate that were conveyed by deeds in which the grantor excepted the mineral interests for a "period of 20 years or as long thereafter" as minerals may be produced. The grantor's successors in interest (Grantor's heirs) claim that the future interests in the minerals that the deeds purported to convey to the grantees-that is, ownership of the minerals when grantor's excepted term interest ended-violated the common-law rule against perpetuities (the Rule),…