SB 232-1_ Filed 02/22/2007, 10:53 ChairPerson

COMMITTEE REPORT

MADAM PRESIDENT:

    The Senate Committee on Judiciary, to which was referred Senate Bill No. 232, has had the same under consideration and begs leave to report the same back to the Senate with the recommendation that said bill be AMENDED as follows:

SOURCE: Page 1, line 13; (07)CR023201.1. -->     Page 1, delete lines 13 through 17, begin a new line block indented and insert:
        " (1) an instrument is recorded; and
        (2) the instrument does not comply with the:
            (A) acknowledgment requirements of:
                (i) IC 32-21-2-3;
                (ii) IC 32-21-2-4;
                (iii) IC 32-21-2-5; or
                (iv) IC 32-21-2-7; or
            (B) technical requirements of:
                (i) IC 36-2-11-16; or

                (ii) IC 36-2-11-16.5;
the instrument is a valid recording, and all parties are considered to have constructive notice of the contents of the instrument.
".
    (Reference is to SB 232 as introduced.)

and when so amended that said bill do pass.

Committee Vote: Yeas 8, Nays 0.

____________________________________

    Bray
Chairperson


CR023201/DI 106    2007