This Act stipulates that a corporate body shall, subject to provisions of this Act, be capable of acquiring and holding any real or personal property in joint tenancy in the same manner as if it were an individual. The acquisition and holding of property by a corporation in joint tenancy is subject to the same conditions and restrictions as attach to the acquisition and holding in severalty of property by a corporation. On the dissolution of the corporate body, the property in which a corporate body is a joint tenant shall devolve on the other joint tenant.
Authors and Publishers
The FAO Legal Office provides in-house counsel in accordance with the Basic Texts of the Organization, gives legal advisory services to FAO members, assists in the formulation of