78B-5-512 - Property held by joint tenants or tenants in common.
78B-5-512. Property held by joint tenants or tenants in common.
If an individual and another own property in this state as joint tenants or tenants incommon, a creditor of the individual, subject to the individual's right to claim an exemptionunder this part, may obtain a levy on and sale of the interest of the individual in the property. Acreditor who has obtained a levy, or a purchaser who has purchased the individual's interest at thesale, may have the property partitioned or the individual's interest severed.
If an individual and another own property in this state as joint tenants or tenants incommon, a creditor of the individual, subject to the individual's right to claim an exemptionunder this part, may obtain a levy on and sale of the interest of the individual in the property. Acreditor who has obtained a levy, or a purchaser who has purchased the individual's interest at thesale, may have the property partitioned or the individual's interest severed.
Renumbered and Amended by Chapter 3, 2008 General Session