Effects of conveyance by two or more grantees to one or more
grantees
Sec. 3. (a) Two (2) or more persons who own real property or an
interest in real property that they have power to convey may
effectively convey the property or interest by a conveyance naming
as grantee or grantees one (1) or more of those persons.
(b) A conveyance under subsection (a) 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 person or persons named as grantee or
grantees in the conveyance.
As added by P.L.2-2002, SEC.6.
Last modified: May 24, 2006