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BODIES CORPORATE (JOINT TENANCY) ACT 1899 - SECT 1

1.(1) A body corporate shall be capable of acquiring and holding any real or
personal property in joint tenancy in the same manner as if it were an
individual, and where a body corporate and an individual or two or more bodies
corporate, become entitled to any such property under circumstances or by
virtue of any instrument which would, if the body corporate had been an
individual, have created a joint tenancy, they shall be entitled to the
property as joint tenants.

Provided that the acquisition and holding of property by a body corporate in
joint tenancy shall be subject to the like conditions and restrictions as
attach to the acquisition and holding of property by a body corporate in
severalty.

(2) Where a body corporate is joint tenant of any property, then on its
dissolution the property shall devolve on the other joint tenant.

© 1899 Crown Copyright

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