Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.
Joint Property means the real and personal property subject to the agreement to which this Accounting Procedure is attached.
Joint Property means, at any point in time, all xxxxx, facilities, equipment, materials, information, funds and the property held for use in Joint Operations.
Examples of Joint Property in a sentence
The Joint Property shall be sold, and the net profits shall be divided: (choose one) ☐ equally between the Parties ☐ as follows: % to the Husband and % to the Wife.
The Parties agree that the following property, both premarital and acquired during the marriage, shall be considered as joint property (the "Joint Property"): (choose all that apply) Real estate: Vehicles: .
In the event of the Separation or Divorce of the Parties, all the Joint Property shall be divided as follows: (choose one) Each Party will be entitled to 50% of this property or an equal monetary share, regardless of the proportion of each Party's investment, unless the Parties have agreed otherwise in writing.
More Definitions of Joint Property
Joint Property means all property acquired and held for use in connection with operations under this Participation Agreement;
Joint Property means all property where legal title is acquired and held in connection with Petroleum Operations under the Contract;
Joint Property means all assets of any nature whatsoever, the cost of which is chargeable to the Joint Account and shall include, but not be limited to, buildings, lands, material, equipment and fixtures acquired for the purposes hereof and other rights and all Joint Account funds.
Joint Property means equipment acquired for the Joint Operations and fixed property subordinated the Joint Operating Agreement.
Joint Property means the real and personal property subject to the Agreement.
Joint Property means personal and real property acquired under joint ownership by the Parties and kept by the CONTRACTOR for the purposes of utilization in connection with the conduct of Petroleum Operations.