1. (a) Two (2) or more persons who own real property or an interest in real property that they have power to convey may effectively convey the property or interest by a conveyance naming as grantee or grantees one (1) or more of those persons.

2. (b) A conveyance under subsection (a) has the same effect, as to whether it creates an estate in:

   1. (1) severalty;
   2. (2) joint tenancy with right of survivorship;
   3. (3) tenancy by the entirety; or

   4. (4) tenancy in common;

      as if the conveyance were a conveyance from a stranger who owned the property or interest to the person or persons named as grantee or grantees in the conveyance.

      [Pre-2002 Recodification Citation: 32-1-9-2.]

As added by P.L.2-2002, SEC.6.