sec.29Tenants in common of equitable interest who become entitled to legal interest

### sec.29 Tenants in common of equitable interest who become entitled to legal interest This section applies if 2 or more persons holding property— are entitled beneficially as tenants in common to an equitable interest in the property; and are or become entitled in their own right, whether as joint tenants or tenants in common, to a legal interest in the property equal to and coextensive with their equitable interest in the property. Subject to any agreement to the contrary, both the legal and equitable interests in the property are held by the persons as tenants in common. (sec.29-ssec.1) This section applies if 2 or more persons holding property— are entitled beneficially as tenants in common to an equitable interest in the property; and are or become entitled in their own right, whether as joint tenants or tenants in common, to a legal interest in the property equal to and coextensive with their equitable interest in the property. (sec.29-ssec.2) Subject to any agreement to the contrary, both the legal and equitable interests in the property are held by the persons as tenants in common. - (a) are entitled beneficially as tenants in common to an equitable interest in the property; and - (b) are or become entitled in their own right, whether as joint tenants or tenants in common, to a legal interest in the property equal to and coextensive with their equitable interest in the property.