Undivided immovable property
shyam lal
(Querist) 22 July 2024
This query is : Resolved
There is a unregistered (christian)family settlement pertaining to immovable undivided property where in agreed by all share holders that the property is to be equally divided.
Query is when one of the share holders dies.. Who is the rightful owner of his share? Is the share be divided among the remaining living share holders or the wife/siblings of the deceased share holder..
kavksatyanarayana
(Expert) 23 July 2024
Under the Indian Succession Act,1925 for christian, if the deceased man died intestate his property devolved 1/3 to his widow and 2/3 to his lineal descendants (children).
T. Kalaiselvan, Advocate
(Expert) 23 July 2024
The shareholders if have agreed to divide the proeprty whether by a registered or an unregistered partition deed, the share of each shareholder shall devolve upon each of them and subsequent to the death of one of the shareholders, his or her share shall devolve on their respective legal heirs.
