Minnesota has two parallel systems for recording and registering real property interests: the abstract (recording act) system and the Torrens (registration) system. Which of the following is NOT a characteristic of Minnesota's Torrens system?
Correct Answer
D) Documents are indexed by grantor and grantee name, and title is established through a chain-of-title search
Indexing documents by grantor and grantee name and establishing title through a chain-of-title search are characteristics of the ABSTRACT (recording act) system under Minn. Stat. Ch. 507, NOT the Torrens system. The Torrens system (Ch. 508) uses a Certificate of Title as conclusive evidence of ownership and does not rely on chain-of-title searches through indexed documents.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A freehold estate represents ownership of real property with an indefinite duration.
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
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