Part 2
9 Property in joint tenancy
corporation heretofore or hereafter created within Alberta by or
under any Act of the Legislature, and a corporation heretofore
incorporated by or under any Ordinance of the Northwest
Territories, and subject to the legislative authority of the
Legislature, and includes any other company lawfully carrying on
business in Alberta.
(2) Every corporation is capable of acquiring and holding real or
personal property in joint tenancy in the same manner as if it were
an individual, and when a corporation and an individual, or 2 or
more corporations, become entitled to any property under
circumstances or by virtue of any instrument that would, if the
corporation had been an individual, have created a joint tenancy,
they are entitled to the property as joint tenants.
(3) Notwithstanding subsection (2), the acquisition and holding of
property by a corporation in joint tenancy is subject to the like
conditions and restrictions that attach to the acquisition and holding
of property by a corporation in severalty.
(4) When a corporation is joint tenant of any property, then on its
dissolution the property devolves on the other joint tenant.
RSA 1980 cC-20 s9