(765 ILCS 1005/1b) (from Ch. 76, par. 1b)
Sec. 1b.
Whenever a grant or conveyance of lands, tenements, or
hereditaments shall be made where the instrument of grant or conveyance
does not create an estate in tenancy by the entirety in the manner
provided by Section 1c but declares that the estate created be not in
tenancy in common but with right of survivorship, or where such instrument
of grant or conveyance does not create an estate in tenancy by the entirety
in the manner provided by Section 1c but declares that the estate created
be not in tenancy in common but in joint tenancy, the estate so created
shall be an estate with right of survivorship notwithstanding the fact that
the grantor is or the grantors are also named as a grantee or as grantees
in said instrument of grant or conveyance. Said estate with right of
survivorship, so created, shall have all of the effects of a common law
joint tenancy estate.
This section shall not apply to nor operate to change the effect of any
grant or conveyance made prior to the effective date of this amendatory Act.
(Source: P.A. 86-966.)
|