Partition in kind definition

Partition in kind means the division of heirs property into physically distinct and separately titled parcels.
Sample 1Sample 2Sample 3
Partition in kind means the division of heirs
Sample 1Sample 2Sample 3
Partition in kind means the division of heirs property into
Sample 1Sample 2Sample 3

Examples of Partition in kind in a sentence

  • In Kind: physically divide the land among tenantsBy Sale: sell the land and divide the proceeds among the tenantsIn Kind (MAJORITY) Traditional- Partition in kind is favored b/c it is the fairest methodRationale: Partition by sale could force someone to leave their property, limiting, or destroying one’s right to possession and alienate “sticks”.POLICY: Partition in kind is favored over by sale.

  • Partition in kind is the preferred method of partitioning property in Mississippi.

  • Partition in kind shall take place after experts have been consulted as to the method of partition.Article 620.


More Definitions of Partition in kind

Partition in kind means the division of heirs property into physically distinct and
Sample 1Sample 2Sample 3
Partition in kind means a court-ordered division of property subject to partition into physically distinct and separately titled parcels.
Sample 1Sample 2Sample 3
Partition in kind means the division of heir property into physically distinct
Sample 1Sample 2
Partition in kind means a court-ordered division of property subject to partition into physically distinct and separately titled parcels.” Iowa Code § 651.1(8). “‘Partition by sale’ means a court-ordered sale of property subject to partition.” Id.
Sample 1
Partition in kind means the division of heir property into
Sample 1

Related to Partition in kind

  • Partition means either an act of partitioning land or an area or tract of land partitioned.

  • Reduction in Force means abolition of positions in an agency or part of an agency and the corresponding nondisciplinary removal of affected employees from such positions through separation from employment or through displacement to other positions.

  • Common Area means all real property owned by the Association for the common use and enjoyment of the Owners.

  • Admitted assets means the amount thereof as of the last day of the most recently concluded annual statement year, computed in accordance with rule 191—5.6(505,515,520).

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Specialty Alterations means Alterations consisting of kitchens, executive bathrooms, raised computer floors, computer installations, vaults, libraries, internal staircases, dumbwaiters, pneumatic tubes, vertical and horizontal transportation systems, and other Alterations of a similar character.

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

  • Company Property means any and all property, both real and personal, tangible and intangible, whether contributed or otherwise acquired, owned by the Company.

  • Carpet Area means the net usable floor, area of an Flat/Apartment, excluding the area covered by the external walls, areas under services shafts, excluding balcony or verandah area and exclusive open terrace, but includes the area covered by the internal partition walls of the flat/apartment;

  • Company Owned Real Property means all real property owned by the Company or the Company Subsidiaries.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by any Group Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the Lease for such Leased Real Property.