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MI HB5611

Bill

Status

Passed

12/31/2020

Primary Sponsor

James Lower

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Origin

House of Representatives

100th Legislature

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

Committee Referrals

Finance9/15/2020
Ways And Means6/2/2020
Local Government And Municipal Finance3/11/2020

Full Bill Text

No bill text available