Bill
Bill > S970
MA S970
MA S970To clarify the rights of joint owners of real property and abolish certain inconsistent or archaic rules
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to clarify the rights of joint owners of real property and abolish certain inconsistent or archaic rules. The Judiciary.
AI Summary
This bill clarifies the rights of joint owners of real property and abolishes certain inconsistent or archaic rules. Specifically, it allows the instrument of conveyance or devise to specify the percentage interest held by each party, and a conveyance or devise to two or more persons as tenants in common, joint tenants, or tenants by the entirety will create the stated tenancy without regard to whether the percentage interests are equal. The bill also allows individuals to record a declaration of the tenancy under which they hold their title. Additionally, the term "real estate" is defined to include any interest in real estate, and the term "person" is clarified to exclude trustees and partners. The provisions of the bill will apply to all instruments and documents recorded or filed on or after January 1, 2022.
Committee Categories
Justice
Sponsors (1)
Last Action
Accompanied a study order, see S2665 (on 02/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/S970 |
| Bill | https://malegislature.gov/Bills/192/S970.pdf |
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