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Bodies Corporate (Joint Tenancy) Act 1899

62 & 63 Vict. c. 20 · Enacted 9 August 1899 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 1 February 1991.

An Act for enabling Bodies Corporate to hold Property in Joint Tenancy.

[9th August 1899]C1

Annotations to the whole text

Modifications

C1

This Act is not necessarily in the form in which it has effect in Northern Ireland

Contents

  1. 1Power for corporations to hold property as joint tenants.
  2. 2Short title.

1Power for corporations to hold property as joint tenants.

(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.

2Short title.

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