House Sponsors: TURNER,JOHN. Short description: JOINT TENANCY-SECURITY INTERST Synopsis of Bill as introduced: Amends the Joint Tenancy Act. Provides that a real estate mortgage (or a security interest under the Uniform Commercial Code) on or against the interest of a joint tenant does not defeat the right of survivorship if the joint tenant dies. Provides that the surviving joint tenants take the interest that the deceased joint tenant could have transferred before death, subject to the mortgage (or security interest). Applies to interests of joint tenants who die on or after the effective date of this amendatory Act. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status