Property Ownership
Which of the following best describes a 'co-ownership' of immovable property in Louisiana?
ATwo or more persons each holding an undivided interest in the same property✓ Correct
BA partnership that manages rental properties
CJoint ownership with automatic right of survivorship
DOwnership transferred to children through a trust
Explanation
Co-ownership (indivision) in Louisiana occurs when two or more persons each own an undivided interest in the same property. Unlike joint tenancy in common law states, there is no automatic right of survivorship.
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