House Bill 1255

AN ACT TO CREATE THE MISSISSIPPI MARKETABLE RECORD TITLE ACT; TO PROVIDE DEFINITIONS RELATING TO MARKETABLE TITLE; TO PROVIDE THAT A PERSON HAS MARKETABLE TITLE IF THE PERSON HAS AN UNBROKEN CHAIN OF TITLE FOR THIRTY-TWO 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 THE INTEREST DURING THE THIRTY-TWO 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 THIRTY-TWO 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 11-17-35, MISSISSIPPI CODE OF 1972, WHICH RELATES TO CONFIRMING TITLE TO, AND CANCELING AND REMOVING CLOUDS FROM, REAL ESTATE TO CONFORM TO THE PROVISIONS OF THIS ACT; TO BRING FORWARD SECTIONS 15-1-7, 15-1-11, 15-1-13 AND 15-1-15, MISSISSIPPI CODE OF 1972, WHICH RELATE TO ADVERSE POSSESSION AND RECOVERING OF LAND OF DEFECTS IN AN INSTRUMENT, FOR PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.

In the House of Representatives

• Greg Snowden

  Sponsor

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

In the House of Representatives Jan 21 – Feb 5

1. Jan 21Referred to the House committee on Judiciary A
2. Feb 5Died in committee in the House