Mouse Over to Stop Rotation & Read Ad

Monday, December 17, 2018

Ohio Supreme Court Offers Clarification of Ohio Marketable Title Act

From Vorys:
On December 13, 2018, the Supreme Court of Ohio clarified the preservation of interests under the Ohio Marketable Title Act (OMTA). See Blackstone v. Moore, Slip Opinion No. 2018-Ohio-4959. In its decision, the Court held that under the OMTA, a deed reference to a previously reserved royalty interest is sufficiently-specific to preserve that royalty interest where the reference identifies the type of interest created and the person to whom the interest was granted. 
You can read the decision here
BACKGROUND 
The Kuhns conveyed real property to the Browns in 1915, reserving a one-half interest in oil and gas royalties. In 1969, the Browns’ successor-in-interest conveyed the same property to David Blackstone by a deed that referenced the Kuhns’ royalty interest as follows: 
Excepting the one-half interest in oil and gas royalty previously excepted by Nick Kuhn, their [sic] heirs and assigns in the above described sixty acres.
Click here to read more. 

No comments:

Post a Comment

Follow by Email