MS HB1255

Creates the Mississippi Marketable Record Title Act, establishing that a person with an unbroken chain of title for 32 years or more has marketable record title to real estate.

Marketable title is held free and clear of all interests, claims, and charges that existed before the 32-year root of title, regardless of whether the claimant had knowledge of such interests.

Allows persons to preserve interests by filing a notice of intent to preserve during the 32-year period; disability or lack of knowledge does not suspend the running of this period.

Exempts certain interests from extinguishment, including government rights, mineral interests (except sand and gravel), utility rights-of-way, mortgages not yet due, and restrictions visible through physical inspection.

Amends Section 11-17-35 to reduce the required title deraignment from 60 years to 32 years in bills to confirm title and remove clouds from real estate; takes effect January 1, 2020.