(1) The rule against perpetuities and the rule against unreasonable restraints on alienation of real estate may not defeat a provision of a governing document.
(2) (a) A declaration that fails to comply with this chapter does not render a title to a lot and common areas unmarketable or otherwise affect the title if the failure is insubstantial.
(b) This chapter does not affect whether a substantial failure impairs marketability.
Enacted 2013 ch. 152, eff. July 1, 2014.