A person entitled to an estate for life or years in an undivided part of the property, whose estate has been sold, is entitled to receive a sum as reasonable satisfaction for the estate, the sum being based on principles of law applicable to annuities. The person so entitled shall consent to accept the sum for the person's estate by an instrument duly acknowledged or proved in the same manner as deeds for the purpose of record and filed with the clerk of court.
Section: Previous 09.45.390 09.45.400 09.45.410 09.45.420 09.45.430 09.45.440 09.45.450 09.45.460 09.45.470 09.45.480 09.45.490 09.45.496 09.45.500 09.45.510 09.45.520 NextLast modified: November 15, 2016