Australian Capital Territory Repealed Acts

This legislation has been repealed.

CONVEYANCING ACT 1919 (REPEALED) - SECT 25

    (1)     A corporation may acquire and hold property in joint tenancy in the same way as if it were an individual.

    (2)     Without limiting subsection (1), if a corporation and an individual become entitled to property under circumstances or an instrument that would have created a joint tenancy if the corporation were an individual, the corporation and individual are entitled to the property as joint tenants.

    (3)     However, the acquisition and holding of property by a corporation in joint tenancy is subject to the conditions and restrictions that apply to the acquisition and holding of property by a corporation in severalty.

    (4)     If a corporation that is a joint tenant of property is dissolved, the property devolves on the other joint tenant.