Indiana § 32-17-3-3 Title bond or contract for sale of land; survivorship

Indiana Statutes

§ 32-17-3-3 — Title bond or contract for sale of land; survivorship

Indiana·Title 32 PROPERTY·Art. 17 INTERESTS IN PROPERTY·Ch. 3 Tenancy

If:

(1)a husband and wife execute a title bond or contract for the conveyance of real estate owned by them as tenants by the entireties; and

(2)one (1) of the spouses dies:

(A)during the continuance of the marriage; and

(B)before the whole of the agreed purchase price has been paid; the interest of the deceased spouse in the unpaid part of the purchase price passes to the surviving spouse in the same right as the surviving spouse's rights of survivorship in real estate held as tenants by the entireties. [Pre-2002 Recodification Citation: 32-4-3-1.]

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If:
(1) a husband and wife execute a title bond or contract for the
conveyance of real estate owned by them as tenants by the
entireties; and
(2) one (1) of the spouses dies:
(A) during the continuance of the marriage; and
(B) before the whole of the agreed purchase price has been
paid;
the interest of the deceased spouse in the unpaid part of the purchase
price passes to the surviving spouse in the same right as the surviving
spouse's rights of survivorship in real estate held as tenants by the
entireties.
[Pre-2002 Recodification Citation: 32-4-3-1.]

Indiana § 32-17-3-3 (Title bond or contract for sale of land; survivorship) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.