Personal property owned as tenants in common; exceptions
Sec. 29. (a) This section does not apply to an account.
(b) Except as provided in subsection (c), personal property that is
owned by two (2) or more persons is owned by them as tenants in
common unless expressed otherwise in a written instrument.
(c) Upon the death of either husband or wife:
(1) household goods:
(A) acquired during marriage; and
(B) in possession of both husband and wife; and
(2) any:
(A) promissory note;
(B) bond;
(C) certificate of title to a motor vehicle; or
(D) other written or printed instrument;
evidencing an interest in tangible or intangible personal
property in the name of both husband and wife;
becomes the sole property of the surviving spouse unless a clear
contrary intention is expressed in a written instrument.
As added by P.L.2-2002, SEC.2.
Last modified: May 24, 2006