Property Ownership
In Louisiana, co-ownership of immovable property (co-indivision) means:
AThe property must be managed by a court-appointed trustee
BTwo or more persons own undivided shares of the same property simultaneously✓ Correct
COne owner holds title during the day and another at night
DThe property is owned by a corporation only
Explanation
Co-ownership (indivision) in Louisiana occurs when two or more persons own undivided fractional interests in the same property. Each co-owner has rights to the whole property proportional to their share.
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