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Marketable title (real estate) is a title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer. Marketable title does not assume that absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept.
The resulting merger of the legal and equitable gives rise to the "perfect title", often referred to as marketable title. Legal and equitable title also arises in trust. In a trust, one person may own the legal title, such as the trustees. Another person may own the equitable title such as the beneficiary. [2]
Uniform Management of Public Employee Retirement Systems Act: 1997 Uniform Mandatory Disposition of Detainers Act: 1958 Uniform Marital Property Act: 1983 Uniform Marketable Title Act: 1990 Uniform Marriage and Divorce Act: 1970, 1973 Uniform Mediation Act: 2003 Uniform Money Services Act: 2000 Uniform Multiple-Person Accounts Act: 1969, 1989
The 1835 Constitution on display at the Michigan Historical Center on Statehood Day in 2013. On January 26, 1835, Acting Territorial Treaty and Military Officer/ Marshal of the Union Assigned to the Territory of the 1662-1776 State of the Union Stevens T. Mason issued an enabling act authorizing the people of Michigan to form a constitution and state government.
The objective of the title search is to establish clear, marketable title by exposing any outstanding claims prior to the transfer of title. The process of resolving any issues on the title is known as "clearing the title." [2] Each recorded document must name the parties involved, e.g., grantor and grantee.
But Catholic Central’s 10 titles still rank it as the seventh-best in Michigan prep football history. It won all 10 crowns under Tom Mach, a 2014 inductee into the Michigan Sports Hall of Fame ...
Gov. Gretchen Whitmer repealed a handful of abortion restrictions in Michigan, making changes long-awaited by abortion rights proponents. Whitmer signs Michigan 'Reproductive Health Act,' repeals ...
The West publication is Michigan Compiled Laws Annotated (MCLA); the LexisNexis version is the Michigan Compiled Laws Service (MCLS). Until the year 2000, an alternate codification known as the Michigan Statutes Annotated (MSA), which differed from the MCL in both its organization and numbering system, was also in use. Until the discontinuation ...