90th General Assembly
Summary of HB3471
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House Sponsors:

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


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