Unbroken chain of title; definition
Sec. 1. A person who has an unbroken chain of title of record to
an interest in land for at least fifty (50) years has a marketable record
title to that interest, subject to section 2 of this chapter. A person is
considered to have this unbroken chain of title when:
(1) the official public records disclose a title transaction of
record that occurred at least fifty (50) years before the time the
marketability is determined; and
(2) the title transaction purports to create an interest in:
(A) the person claiming the interest; or
(B) a person from whom, by one (1) or more title
transactions of record, the purported interest has become
vested in the person claiming the interest;
with nothing appearing of record purporting to divest the
claimant of the purported interest.
As added by P.L.2-2002, SEC.5.
Last modified: May 24, 2006