209Power for corporations to hold property as joint tenants

209 Power for corporations to hold property as joint tenants (1) A corporation may acquire and hold property in joint tenancy in the same way as if it were an individual. (2) Without limiting subsection (1), if a corporation and an individual become entitled to property under circumstances or an instrument that would have created a joint tenancy if the corporation were an individual, the corporation and individual are entitled to the property as joint tenants. (3) However, the acquisition and holding of property by a corporation in joint tenancy is subject to the conditions and restrictions that apply to the acquisition and holding of property by a corporation in severalty. (4) If a corporation that is a joint tenant of property is dissolved, the property devolves on the other joint tenant. Property generally Division 2.2.2