Property Ownership
Two unrelated individuals purchase a property in Mississippi as tenants in common. Upon one owner's death, their share:
AAutomatically passes to the surviving co-owner
BPasses according to the deceased's will or intestacy laws✓ Correct
CReverts to the state of Mississippi
DIs held in trust by MREC
Explanation
In a tenancy in common, each owner holds a separate, divisible interest with no right of survivorship. A deceased tenant in common's share passes through their estate via will or intestacy.
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