21 Guam Code Ann. § 1215
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Terms Used In 21 Guam Code Ann. § 1215
- Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
A joint interest is one owned by several persons in equal shares, by a title created by a single will or transfer, when
expressly declared in the will or transfer to be a joint tenancy, or by a transfer from a sole owner to himself and others, or from tenants in common to themselves, or to themselves and others, when expressly declared in the transfer to be a joint tenancy, or when granted or devised to executors or trustees as joint tenants. No joint tenancy shall be created except as herein provided.
expressly declared in the will or transfer to be a joint tenancy, or by a transfer from a sole owner to himself and others, or from tenants in common to themselves, or to themselves and others, when expressly declared in the transfer to be a joint tenancy, or when granted or devised to executors or trustees as joint tenants. No joint tenancy shall be created except as herein provided.
SOURCE: CC § 683.