marketable title act

marketable-title act. A state statute providing that a person can establish good title to land by searching the public records only back to a specified time (such as 40 years). See marketable title under TITLE(2). [Cases: Limitation of Actions 19(1); Vendor and Purchaser 231(1).C.J.S. Limitations of Actions §§ 40, 43; Vendor and Purchaser § 496.]

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词条贡献者

法律翻译大智，毕业于世界顶级翻译学院，专注翻译各类与税务、财富规划服务和高管薪酬有关的法律文件。