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AR HB1889

Bill

Status

Failed

5/17/2013

Primary Sponsor

Bob Ballinger

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Adds Arkansas Code § 18-12-610 establishing that unrecorded mineral interests become marketable when the surface owner has paid all surface estate taxes for at least 15 years and no taxes have been paid on the mineral interest for at least 15 years

  • Requires the surface owner claiming marketable title to record an affidavit with the county recorder containing the legal description and parcel number of the surface estate, the duration of tax payments, and confirmation that mineral interest taxes remain unpaid for 15 years

  • Preserves the right to file judicial actions to quiet title to mineral interests before the 15-year marketability threshold is met

Legislative Description

To Provide For The Marketability Of Title To Unrecorded Mineral Interests.

Last Action

Died in House Committee at Sine Die adjournment.

5/17/2013

Committee Referrals

Agriculture, Forestry and Economic Development3/11/2013

Full Bill Text

No bill text available