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BODIES CORPORATE (JOINT TENANCY) ACT 1899

BODIES CORPORATE (JOINT TENANCY) ACT 1899 - LONG TITLE

An Act for enabling Bodies Corporate to hold Property in Joint
Tenancy.
[9th August 1899]
Power for corporations to hold property as joint tenants.

BODIES CORPORATE (JOINT TENANCY) ACT 1899 - SECT 1

1.(1) A body corporate shall be capable of acquiring and holding
any real or personal property in joint tenancy in the same manner
as if it were an individual, and where a body corporate and an
individual or two or more bodies corporate, become entitled to any
such property under circumstances or by virtue of any instrument
which would, if the body corporate had been an individual, have
created a joint tenancy, they shall be entitled to the property as
joint tenants.

Provided that the acquisition and holding of property by a body
corporate in joint tenancy shall be subject to the like conditions
and restrictions as attach to the acquisition and holding of
property by a body corporate in severalty.

(2) Where a body corporate is joint tenant of any property, then
on its dissolution the property shall devolve on the other joint
tenant.

BODIES CORPORATE (JOINT TENANCY) ACT 1899 - SECT 2
Short title.

2. This Act may be cited as the Bodies Corporate (Joint Tenancy)
Act, 1899.


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URL: http://www.bailii.org/nie/legis/num_act/bcta1899309.txt