Ownership in Common – shared by two or more persons whose interests are divisible, and, at death, pass to the dead owner’s heirs or successors

ownership in common:
(1838)

1. Ownership shared by two or more persons whose interests are divisible.  *  Typically their interests, at death, pass to the dead owner’s heirs or successors. [1]

References:

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

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