Oregon Statutes > Chapter 105 > Personal Property Rights
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§ 105.920 | Joint tenancy in personal property; creation |
Terms Used In Oregon Statutes > Chapter 105 > Personal Property Rights
- Bequest: Property gifted by will.
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Director: means the State Parks and Recreation Director. See Oregon Statutes 390.005
- 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.