Property Ownership
What is Ohio's Marketable Title Act (ORC 5301.47-5301.56) and its effect on old encumbrances?
AIt requires title insurance for all transactions
BIt extinguishes title interests not referenced in the root of title and maintained through the 40-year period✓ Correct
CIt requires disclosure of all encumbrances
DIt sets standards for title searches in Ohio
Explanation
Ohio's Marketable Title Act extinguishes old title interests (ancient easements, restrictions, etc.) that are not referenced in the chain of title within the past 40 years. This simplifies titles by clearing stale claims automatically.
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