Summary of Original Version

Create new sections of KRS Chapter 381 to define terms; establish what constitutes an unbroken chain of title; establish the interests and rights to which a marketable title is subject; include the procedure for preserving an interest in land; delineate protected interests; establish that the provisions are to be liberally construed.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions; define "mineral" and "mineral interest" or "mineral estate"; establish that the provisions of the Act shall not be applied to bar or extinguish any right, title, estate, or interest in a mineral interest, mineral estate, or mineral, or any mining or other rights pertinent to or exercisable in connection with a mineral interest, mineral estate, or mineral; provide that the Act shall not be applied to bar or extinguish otherwise enforceable plats, covenants, or restrictions applicable to developments, communities, and homeowners' associations.