Maine Revised Statutes Title 33 Sec. 903 – — existing tenancies not affected
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Terms Used In Maine Revised Statutes Title 33 Sec. 903
- Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
Nothing in this subchapter shall be construed so as to affect the validity of any joint tenancy otherwise validly created.