Indiana Code 32-17-3-3. Title bond or contract for sale of land; survivorship
Current as of: 2023 | Check for updates
|
Other versions
Sec. 3. If:
(2) one (1) of the spouses dies:
(1) a husband and wife execute a title bond or contract for the conveyance of real estate owned by them as tenants by the entireties; and
Terms Used In Indiana Code 32-17-3-3
- Continuance: Putting off of a hearing ot trial until a later time.
- Contract: A legal written agreement that becomes binding when signed.
(A) during the continuance of the marriage; and
(B) before the whole of the agreed purchase price has been paid;
the interest of the deceased spouse in the unpaid part of the purchase price passes to the surviving spouse in the same right as the surviving spouse’s rights of survivorship in real estate held as tenants by the entireties.
[Pre-2002 Recodification Citation: 32-4-3-1.]
As added by P.L.2-2002, SEC.2.