joint ownership – undivided ownership shared by two or more persons wherein an owner’s interest, at death, passes to the surviving owner(s) by virtue of the right of survivorship

     This page is continued from Property  >>>> Ownership >>>> Various Forms of Ownership, Interest, and Estates >>>> Forms of Qualified  (less than absolute) Ownership:

************************

joint ownership:
(18c)

1. Undivided ownership shared by two or more persons.  *  Typically, an owner’s interest, at death, passes to the surviving owner or owners by virtue of the right of survivorship. [1]

1. In one sense, a joint tenancy or a tenancy by the entirety.

2. In another sense, any property owned together with another, including a tenancy in common and community property. [3]

joint owners:

1. Co-owners.
     See cotenancy. [2]

Related Terms:

tenancy by the entirety – an estate in land or in personal property that exists between husband and wife; jointly owned with right to survivorship. . — aka estate by the entirety; estate by entireties; estate by the entireties; tenancy by the entirety; tenancy by the entireties.

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]:  Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

[3]: Ballantine’s Law Dictionary with Pronunciations Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

************************

Back to Forms of Qualified  (less than absolute) Ownership

Back to Various Forms of Ownership, Interest, and Estates

Back to Ownership 

Back to  Property

Home Page

Like this website?

Donate to Wild Willpower PAC
or donate via PayPal here:

  • please set some widgets to show from Appearance -> Widgets.

 

Disclaimer: Wild Willpower does not condone the actions of Maximilian Robespierre, however the above quote is excellent!

This website is being broadcast for First Amendment purposes courtesy of

Question(s)?  Suggestion(s)?
[email protected].
We look forward to hearing from you!