Title bond or contract for sale of land; survivorship
Sec. 3. If:
(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
(2) one (1) of the spouses dies:
(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.
As added by P.L.2-2002, SEC.2.
Last modified: May 24, 2006