ND SB2169

Clarifies that marketable record title requires an unbroken chain of title recorded for 20 years or longer, with the person currently in possession of the real estate interest.

Expands definition of "title transaction" to include transfers by will, descent, court decree, tax deed, and various official deeds in addition to direct conveyances.

Establishes a 20-year statute of limitations for filing adverse claims against marketable title, or within one year from the effective date of this section, whichever is later.

Allows possession of real estate interests to be documented on record through affidavits filed with the county recorder after the 20-year period expires.

Deems holders of severed mineral interests in possession if they have used the minerals as defined in section 38-18.1-03 and document this use in an affidavit of possession.