Model Marketable Title Act Law and Legal Definition
The Uniform Law Commissioners promulgated the Model Marketable Title Act in 1990. This act provides for extinguishing title interests in real property which are not asserted within 30 years. These are ancient, unasserted interests that have the effect of clouding title and restricting marketability. Exceptions include interests that are easily found by reasonable inspection, including interests of those actually occupying land, and interests of the federal government. Even interests that precede the 30 year period may be preserved by recordation every thirty years. This Act is derived from Article 3 of the Uniform Simplification of Land Transfers Act. In 1990 the National Conference of Commissioners on Uniform State Laws sanctioned the enactment of the provisions as a separate law.
