Hawaii Revised Statutes 668A-10 – Considerations for partition in kind
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Terms Used In Hawaii Revised Statutes 668A-10
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Heirs property: means real property held in tenancy in common that satisfies all the following requirements as of the filing of an action for partition:
(1) There is no agreement in a record binding all the cotenants that governs the partition of the property;
(2) One or more of the cotenants acquired title from a relative, whether living or deceased; and
(3) Any of the following applies:
(A) Twenty per cent or more of the interests are held by cotenants who are relatives;
(B) Twenty per cent or more of the interests are held by an individual who acquired title from a relative, whether living or deceased; or
(C) Twenty per cent or more of the cotenants are relatives. See Hawaii Revised Statutes 668A-2
- Partition in kind: means the division of heirs property into physically distinct and separately titled parcels. See Hawaii Revised Statutes 668A-2