The ownership of property by several persons is either:

1. (1) Of joint interests;
2. (2) Of partnership interests; or
3. (3) Of interests in common.

Source: CivC 1877, § 175; CL 1887, § 2691; RCivC 1903, § 198; RC 1919, § 268; SDC 1939, § 51.0211.