§ 32-17-11-29 — Personal property owned as tenants in common; exceptions

Indiana § 32-17-11-29

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 17: INTERESTS IN PROPERTY
• Ch. 11: Multiple Party Accounts

Text

(a) This section does not apply to an
account.
(b) Except as provided in subsection (c), personal property that is
owned by two (2) or more persons is owned by them as tenants in
common unless expressed otherwise in a written instrument.
(c) Upon the death of either husband or wife:
(1) household goods:
(A) acquired during marriage; and
(B) in possession of both husband and wife; and
(2) any:
(A) promissory note;
(B) bond;
(C) certificate of title to a motor vehicle; or
(D) other written or printed instrument;
evidencing an interest in tangible or intangible personal property
in the name of both husband and wife;
becomes the sole property of the surviving spouse unless a clear
contrary intention is expressed in a written instrument.
[Pre-2002 Recodification Citation: 32-4-1.5-15.]

Legislative History

As added by P.L.2-2002, SEC.2.