Tenants in common; failure of plaintiff and defendant to make
required payments
Sec. 6. If the plaintiff does not pay the defendant the appraised
value of the improvements to the real property under section 4 of this
chapter and the defendant does not pay the plaintiff the appraised
value of the real property under section 5 of this chapter within the
time fixed by the court, the parties will be held to be tenants in
common of all the real property, including the improvements, each
holding an interest proportionate to the value of the party's property
as determined under section 5 of this chapter.
As added by P.L.2-2002, SEC.15.
Last modified: May 24, 2006