Bill No.: HB0012 Drafter: DKG
LSO No.: 12LSO-0032 Effective Date: July 1, 2012
Enrolled Act No.: HEA0002
Chapter No.: CH0002
Prime Sponsor: Representative Brown
Catch Title: Marketable title act-conservation easements.
Subject: Marketable title act applicability to conservation easements.
Summary/Major Elements:
· The marketable title act was enacted in 1975 to facilitate land title transactions by allowing persons to rely on a record chain of title by clearing the title of interests not of record for a specified period. There are currently some exceptions to the marketable title act.
· This act provides that the marketable title act shall not be applied to bar or extinguish any claim to a conservation easement, but specifies that the provisions of the uniform conservation easement act (which allows nonpossessory interests of unlimited duration) shall be applicable.