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32-21-10-2. Effect of conveyance by grantee to grantee and another

IN Code § 32-21-10-2 (2019) (N/A)
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Sec. 2. (a) A person who owns real property or an interest in real property that the person has the power to convey may effectively convey the property or interest by a conveyance naming as grantees that person and one (1) or more other persons.

(b) Two (2) or more persons who own real property or an interest in real property that the persons have the power to convey may effectively convey the property or interest by a conveyance naming as grantees one (1) or more of those persons and one (1) or more other persons.

(c) A conveyance under subsection (a) or (b) has the same effect as to whether it creates an estate in:

(1) severalty;

(2) joint tenancy with right of survivorship;

(3) tenancy by the entirety; or

(4) tenancy in common;

as if the conveyance were a conveyance from a stranger who owned the property or interest to the persons named as grantees in the conveyance.

[Pre-2002 Recodification Citation: 32-1-9-1.]

As added by P.L.2-2002, SEC.6.

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32-21-10-2. Effect of conveyance by grantee to grantee and another