Possibilities of reverter and rights of entry exempt from limitation

Section 34-4-19 shall not apply to a possibility of reverter or right of entry for condition broken in:

(1) Lease for a term of years;

(2) Grant, gift or devise to the state;

(3) Grant, gift or devise for public, charitable, or religious purposes;

(4) Deed to a railroad or public utility corporation;

(5) Housing restriction as set forth in § 34-39.1-3.