Indiana Code > Title 32 > Article 21 > Chapter 10 – Conveyances in Which the Grantor and Another Are Named as Grantees
Current as of: 2023 | Check for updates
|
Other versions
| § 32-21-10-1 | “Person” or “persons” defined |
| § 32-21-10-2 | Effect of conveyance by grantee to grantee and another |
| § 32-21-10-3 | Effects of conveyance by two or more grantees to one or more grantees |
Terms Used In Indiana Code > Title 32 > Article 21 > Chapter 10 - Conveyances in Which the Grantor and Another Are Named as Grantees
- 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.
- person: includes a person who may be married; and
Indiana Code 32-21-10-1
- persons: includes persons who may be married to each other. See Indiana Code 32-21-10-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
- Tenancy by the entirety: A type of joint tenancy between husband and wife that is recognized in some States. Neither party can sever the joint tenancy relationship; when a spouse dies, the survivor acquires full title to the property.
- Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent