§ 32-21-10-3 — Effects of conveyance by two or more grantees to one or more grantees

Indiana § 32-21-10-3

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 21: CONVEYANCE PROCEDURES FOR REAL
• Ch. 10: Conveyances in Which the Grantor and Another Are

Text

(a) Two (2) or more persons who own real
property or an interest in real property that they have power to convey
may effectively convey the property or interest by a conveyance
naming as grantee or grantees one (1) or more of those persons.
(b) A conveyance under subsection (a) has the same effect, as to
whether it creates an estate in:
(1) severalty;
(2) joint tenancy with right of survivorship;
(3) tenancy by the entirety; or
(4) tenancy in common;
as if the conveyance were a conveyance from a stranger who owned the
property or interest to the person or persons named as grantee or
grantees in the conveyance.
[Pre-2002 Recodification Citation: 32-1-9-2.]

Legislative History

As added by P.L.2-2002, SEC.6.