For the purposes of Title 1, chapter 5; part 2 of this chapter; and 70-21-310, the word instrument includes an abstract of an instrument that must be executed and acknowledged or proved by all parties executing the abstracted document and contains:

1. (1) the names and addresses of the parties to the instrument;
2. (2) a description of the real property affected;
3. (3) a statement that this is an abstract of another document;
4. (4) a short statement of the effect of the document abstracted;
5. (5) the name and address of the person who will provide a full and complete copy of the document abstracted, without cost, upon request of any person.

History: En. Sec. 2, Ch. 218, L. 1971; R.C.M. 1947, 73-101.1; amd. Sec. 20, Ch. 192, L. 1993.