To enforce a right of pre-emption whether the right is founded on law, or general usage, or on special contract.

Description of suit: To enforce a right of pre-emption whether the right is founded on law, or general usage, or on special contract.

Period of limitation: One year.

Time from which period begins to run: When the purchaser takes, under the sale sought to be impeached, physical possession of the whole of the property sold, or, where the subject of the sale does not admit of physical possession, when the instrument of sale is registered.