Illinois Compiled Statutes 625 ILCS 5/3-107.1 – Presumption of tenancy
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Terms Used In Illinois Compiled Statutes 625 ILCS 5/3-107.1
- Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
When a certificate of title is made out to 2 or more persons, it shall be presumed that the title is held as joint tenants with right of survivorship.