ownership in indivision

Definition of "ownership in indivision"
  1. A form of property rights shared by two or more people in Louisiana's civil law, where each person holds an undivided interest in the entire property
How to use "ownership in indivision" in a sentence
  1. The siblings, who inherited their family home, hold ownership in indivision of the property under Louisiana law.
  2. The law allows for ownership in indivision, in which each co-owner has a stake in the entire property.
  3. In the event of multiple inheritors, a property may be subject to ownership in indivision in the context of Louisiana civil law.

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