28
CurrentJoint ownership and joint liability
Part 4Effect of things done under Act
28 Joint ownership and joint liability
(1) This section applies if an asset or liability that is affected by something done under this Act is:
(a) an interest in property in which another person also has an interest; or
(b)
a liability that is owed jointly with another person.
(2) Nothing done under this Act severs any joint tenancy or joint liability or in any other way affects the interest or liability of the other person.
This Act’s bill:Explanatory statementSecond reading speech
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