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2017 Indiana Code
TITLE 32. Property
ARTICLE 17. INTERESTS IN PROPERTY
CHAPTER 3. Tenancy
32-17-3-3. Title bond or contract for sale of land; survivorship
Universal Citation: IN Code § 32-17-3-3 (2017)
IC 32-17-3-3 Title bond or contract for sale of land; survivorship
Sec. 3. If:
(1) a husband and wife execute a title bond or contract for the conveyance of real estate owned by them as tenants by the entireties; and
(2) one (1) of the spouses dies:
(A) during the continuance of the marriage; and
(B) before the whole of the agreed purchase price has been paid;
the interest of the deceased spouse in the unpaid part of the purchase price passes to the surviving spouse in the same right as the surviving spouse's rights of survivorship in real estate held as tenants by the entireties.
[Pre-2002 Recodification Citation: 32-4-3-1.]
As added by P.L.2-2002, SEC.2.
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