MI SB0671

Establishes marketable record title after 20 years for mineral interests and 40 years for other interests if an unbroken chain of title exists and the land is not in hostile possession of another.

Requires claims against marketable title to be preserved by filing a verified written notice within 2 years after the amendment's effective date or during the applicable 20-year or 40-year period.

Notice of claim must include claimant name and address, interest claimed, legal description of property, liber and page number of the creating instrument (except mineral interests), signature, notarized acknowledgment, and drafter information.

Exempts leasehold interests, mortgages until due, observable easements, easements with physical facilities, federal and state lands, and oil and gas leases from marketable title provisions.

Repeals section 9 of the 1945 Marketable Record Title Act and takes effect 90 days after enactment.