§ 47-19.1-10 — Purpose of chapter

North Dakota § 47-19.1-10

• Jurisdiction: North Dakota
• Title 47: Property
• Ch. 47-19.1: Marketable Record Title

Text

This chapter shall be construed to effect the legislative purpose of simplifying and facilitating
real estate title transactions by allowing persons to deal with the record title owner as defined
herein and to rely upon the record title covering a period of twenty years or more subsequent to
the recording of a deed of conveyance as set out in section 47-19.1-01, and to that end to bar
all claims that affect or may affect the interest thus dealt with, the existence of which claims
arises out of or depends upon any act, transaction, event, or omission occurring before the
recording of such deed of conveyance, unless a notice of such claim, as provided in section
47-19.1-05, shall have been duly filed for record. The claims hereby barred shall mean any and
all interest of any nature whatever, however denominated, whether such claims are asserted by
a person sui juris or under disability, whether such person is or has been within or without the
state, and whether such person is natural, corporate, private, or governmental.