§ 41-61 – Reimbursement for expenditures made on entireties property.
41-61. Reimbursement for expenditures made on entireties property. (a) Neither spouse holding property as tenants by the entirety is entitled to reimbursement of expenditures made on the property, including payments on indebtedness encumbering the property, while the tenancy by the entirety exists. (b) When the tenancy by the entirety is converted to a tenancy in […]
§ 41-62 – Insurance coverage and character of proceeds.
41-62. Insurance coverage and character of proceeds. Where property held as tenants by the entirety is insured, unless the parties by contract have provided what disposition should be made of the insurance proceeds, the policy and insurance proceeds inure to the benefit of the entire estate even though the policy was issued in the name […]
§ 41-63 – Termination of tenancy by the entirety other than upon death of a spouse; effects of termination.
41-63. Termination of tenancy by the entirety other than upon death of a spouse; effects of termination. Events terminating a tenancy by the entirety other than the death of a spouse and the effects of termination include the following: (1) The voluntary sale and conveyance of property held as tenants by the entirety to a […]
§ 41-64 – Termination of tenancy by the entirety upon death of a spouse.
41-64. Termination of tenancy by the entirety upon death of a spouse. (a) Except as provided in subsection (b) of this section, upon the death of a spouse, property held as tenants by the entirety belongs to the surviving spouse by right of purchase under the original grant or devise and by virtue of survivorship. […]
§ 41-65 – Entireties property conveyed to trusts.
41-65. Entireties property conveyed to trusts. (a) Any real property held by spouses as tenants by the entirety and conveyed (i) to a joint trust or (ii) in equal shares to two separate trusts shall no longer be held by the spouses as tenants by the entirety and shall be disposed of by the terms […]
§ 41-66 – Common law of tenancy by the entirety; equitable principles.
41-66. Common law of tenancy by the entirety; equitable principles. The common law of tenancy by the entirety and principles of equity supplement this Article except to the extent it conflicts or is inconsistent with a provision of this Article or the laws of this State. (2020-50, s. 1(a), (c).)
§ 41-70 – Definitions.
41-70. Definitions. For the purposes of this Article, the following definitions apply: (1) Conveyance. – A transfer of title to real or personal property by deed, devise, assignment, or other means of transferring title. (2) Termination. – A severance of the right of survivorship resulting in the creation of a tenancy in common as provided […]
§ 41-71 – Creation of a joint tenancy with right of survivorship.
41-71. Creation of a joint tenancy with right of survivorship. (a) A conveyance to two or more persons creates a tenancy in common unless a joint tenancy with right of survivorship is created as provided in subsection (b) of this section or a tenancy by the entirety is created as provided by the law governing […]
§ 41-50 – Short title; rules of construction.
41-50. Short title; rules of construction. (a) This Article shall be known as and may be cited as the "Uniform TOD Security Registration Act". (b) This Article shall be applied and construed to effectuate its general purposes and to make uniform the laws with respect to the subject of this Article among states enacting it. […]
§ 41-51 – Application of Article.
41-51. Application of Article. This Article applies to registrations of securities in beneficiary form made before, on, or after October 1, 2005, by decedents dying on or after October 1, 2005. (2005-411, s. 1.)