Pennsylvania Act 1927-294 — PARTITION OF PERSONAL PROPERTY JOINTLY OWNED

Act text

PARTITION OF PERSONAL PROPERTY JOINTLY OWNED
                 Act of Apr. 27, 1927, P.L. 460, No. 294              Cl. 68
                                  AN ACT

     Providing for the sale or disposition of personal property owned
        by joint owners, not partners, or husband and wife, on
        petition of one of such joint owners.
        Section 1.  Be it enacted, &c., That whenever personal
     property is owned jointly, by persons who are not partners, or
     are not husband and wife, and any one of such persons desires to
     dispose of his or her right, title, and interest in said
     personal property, and cannot arrive at a satisfactory
     arrangement with the other owner or owners of such personal
     property for the disposition of such personal property, it shall
     be lawful for such person to petition to the court of common
     pleas of the county wherein such property is situated, citing
     the facts of such joint ownership, the value of the property,
     and the inability of the joint owners thereof to agree to the
     amiable disposition thereof; whereupon the said court shall
     appoint a trustee for said personal property, which trustee,
     upon the filing of a bond in a sum in double the amount of the
     value of the personal property as set forth in said petition,
     conditioned upon the faithful performance of the duties of the
     said trustee as herein set forth, shall take immediate
     possession of said property.

        Compiler's Note:  Section 2(a) of Act 53 of 1978 provided
            that section 1 is repealed except insofar as it relates
            to the right of partition of personal property.