CS/HB 435

1	A bill to be entitled
2	An act relating to marketable record title; amending s.
3	712.03, F.S.; revising the exceptions to marketability by
4	including any right, title, or interest held by the Board
5	of Trustees of the Internal Improvement Trust Fund, any
6	water management district, or the United States; amending
7	s. 712.04, F.S.; conforming provisions to changes made by
8	the act; providing an effective date.
9
10	Be It Enacted by the Legislature of the State of Florida:
11
12	Section 1.  Subsection (9) is added to section 712.03,
13	Florida Statutes, to read:
14	712.03  Exceptions to marketability.-Such marketable record
15	title shall not affect or extinguish the following rights:
16	(9)  Any right, title, or interest held by the Board of
17	Trustees of the Internal Improvement Trust Fund, any water
18	management district created under chapter 373, or the United
19	States.
20	Section 2.  Section 712.04, Florida Statutes, is amended to
21	read:
22	712.04  Interests extinguished by marketable record title.-
23	Subject to the matters stated in s. 712.03, a such marketable
24	record title is shall be free and clear of all estates,
25	interests, claims, or charges whatsoever, the existence of which
26	depends upon any act, title transaction, event, or omission that
27	occurred before prior to the effective date of the root of
28	title. Except as provided in s. 712.03, all such estates,
29	interests, claims, or charges, however denominated, whether they
30	such estates, interests, claims, or charges are or appear to be
31	held or asserted by a person sui juris or under a disability,
32	whether such person is within or without the state, whether such
33	person is natural or corporate, or is private or governmental,
34	are hereby declared to be null and void. However, except that
35	this chapter does shall not be deemed to affect any right,
36	title, or interest of the United States, Florida, or any of its
37	officers, boards, commissions, or other agencies reserved in the
38	patent or deed by which the United States, Florida, or any of
39	its agencies parted with title.
40	Section 3.  This act shall take effect July 1, 2010.

CODING: Words stricken are deletions; words underlined are additions.