Monday, April 20, 2009
Lexington, Kentucky is a wonderful place to live and work. Founded in 1779, Lexington is the self-proclaimed "Horse Capital of the World," Kentucky's second largest city, and home to (arguably) the oldest law school in the country.
Kentucky is also a fun place to teach property. Under the guidance of Jesse Dukeminier, Kentucky adopted a wait-and-see approach to the Rule Against Perpetuities (and allows judicial reformation of violations!). Another great property fact about the Bluegrass State: Kentucky remains one of the few places where you can get full title to government land by adverse possession. So, if you ever pass through Kentucky, look me up - I'll be the guy camping out behind City Hall, trying to start a real estate empire.
Pic: Manchester Farm - Lexington, Kentucky