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This version of this statute is extracted from the UK Statute Law Database (SLD). It is not necessarily in the form in which it was originally enacted but is a revised version, which means that any subsequent amendments to the text and other effects are incorporated with annotations.
An Act for enabling Bodies Corporate to hold Property in Joint Tenancy.
[9th August 1899]
C1This Act is not necessarily in the form in which it has effect in Northern Ireland
(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.
This Act may be cited as the Bodies Corporate (Joint Tenancy) Act 1899.
Bodies Corporate (Joint Tenancy) Act 1899