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32-20-2-6. "Root of title" defined

IN Code § 32-20-2-6 (2019) (N/A)
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Sec. 6. "Root of title" means that title transaction in the chain of title of a person:

(1) that purports to create the interest claimed by the person;

(2) upon which the person relies as a basis for the marketability of the person's title; and

(3) that is the most recent to be recorded as of a date at least fifty (50) years before the time when marketability is being determined.

The effective date of the root of title is the date on which it is recorded.

[Pre-2002 Recodification Citation: 32-1-5-8(e).]

As added by P.L.2-2002, SEC.5.

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32-20-2-7. "Title transaction" defined