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AR HB1377

Bill

Official Source

Status

Introduced

2/4/2019

Primary Sponsor

Spencer Hawks

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Changes the effective date of property conveyances to presume the date of execution contained in the deed rather than the notary acknowledgment date
  • Establishes that when a deed lacks an execution date, the effective date becomes the notary acknowledgment date, or the most recent acknowledgment date if multiple exist
  • Clarifies that property conveyed by deed is valid even if the grantor did not possess legal estate at the time of conveyance, provided the grantor later acquires that estate
  • States that any legal or equitable estate subsequently acquired by the grantor immediately passes to the grantee as if it existed at the time of original conveyance

Legislative Description

Concerning The Conveyance Of Title To Real Property.

Last Action

WITHDRAWN BY AUTHOR

2/28/2019

Committee Referrals

Insurance and Commerce2/4/2019

Full Bill Text

No bill text available