House Bill 1406

AN ACT TO CREATE THE MARKETABLE RECORD TITLE ACT; TO PROVIDE CERTAIN DEFINITIONS; TO PROVIDE THAT A PERSON HAS MARKETABLE TITLE IF THE PERSON HAS AN UNBROKEN CHAIN OF TITLE FOR 32 YEARS; TO SPECIFY THE INTERESTS THAT A MARKETABLE TITLE IS SUBJECT TO; TO PROVIDE THAT A PERSON MAY PRESERVE AN INTEREST IF THE PERSON FILES A NOTICE OF INTENT TO PRESERVE SUCH INTEREST DURING THE 32-YEAR PERIOD; TO PROVIDE THAT MARKETABLE TITLE IS HELD FREE AND CLEAR OF ALL OTHER INTERESTS; TO PROVIDE THAT DISABILITY OR LACK OF KNOWLEDGE DOES NOT SUSPEND THE RUNNING OF THE 32-YEAR PERIOD; TO SPECIFY THE INTERESTS THAT ARE NOT BARRED BY THIS ACT; TO PROVIDE THAT THIS ACT DOES NOT RELIEVE A PERSON OF A CONTRACTUAL LIABILITY WITH RESPECT TO AN INTEREST ANTEDATING THE PERSON'S ROOT OF TITLE; TO PROVIDE THAT THIS ACT DOES NOT EXTEND THE STATUTE OF LIMITATIONS FOR BRINGING AN ACTION; TO PROVIDE THAT INDEFINITE REFERENCES TO DOCUMENTS DO NOT CHARGE A PERSON WITH KNOWLEDGE OF THE REFERENCED DOCUMENTS; TO AMEND SECTION 89-5-5, MISSISSIPPI CODE OF 1972, IN CONFORMITY WITH THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.

In the House of Representatives

• Brad Touchstone

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 16 – Feb 9

1. Jan 16Referred to the House committee on Judiciary A
2. Jan 31Reported from committee in the House: title sufficient, do pass as a committee substitute
3. Feb 9Died on the calendar in the House