Loading chat...
MI HB5611
Bill
Status
12/31/2020
Primary Sponsor
James Lower
Click for details
AI Summary
-
Amends the Marketable Record Title Act to allow interests, claims, and charges to be preserved by filing a notice within 5 years after March 29, 2019, or during the standard 20-year period for mineral interests and 40-year period for other interests.
-
Maintains the void status of interests, claims, and charges whose existence depends on events occurring before the 20-year period for mineral interests and 40-year period for other interests, unless a written notice verified by oath is timely filed.
-
Clarifies that disability or lack of knowledge does not suspend the running of the 20-year or 40-year preservation periods.
-
Allows notices of claim to be filed by the claimant or another person acting on their behalf if the claimant is under a disability, unable to assert a claim independently, or is a member of a class whose identity cannot be established.
-
Takes effect immediately upon approval on December 29, 2020.
Legislative Description
Property: recording; marketable record title; modify number of years an interest, claim, or charge can be preserved. Amends sec. 3 of 1945 PA 200 (MCL 565.103).
Property: recording
Last Action
Assigned Pa 294'20 With Immediate Effect
12/31/2020