Joint Family Property
Joint Family Property:
A joint family or coparcenary property is liable to be partitioned, whereas there can be no question of partitioning the separate property of a member of a joint Hindu family. No coparcenter can alienate his undivided interest in a coparcenary by sale or mortgage, without the consent of the other coparceners.
What is joint family property under Hindu law?
A Hindu joint family consists of lineal descendants of a common ancestor. In other words, a male head and his descendants, including their wives and unmarried daughters. A coparcenary is a smaller unit of the family that jointly owns property.
How do you split joint family property?
A property within a Hindu Joint Family is partitioned according to the Hindu Succession Act, 1956. White the division of Jointly-owned property by two or more co-owners is according to the Hindu Undivided Family (HUF) and the Hindu Partition Act of property,1892.
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