Concurrent estate
Tenancy by the entirety

A divorce of the parties to the marriage who own a property in a tenancy by the entirety automatically breaks the unity of marriage, leaving the default tenancy. In death or divorce, there is a right of survivorship in the remaining spouse. In New York State cooperatives, where ownership by tenancy by the entirety has been an option for married couples since 1995, upon the couple divorcing either: a) if one spouse requests that their shares of stock in the co-op be reflected as being not in their name and solely in the name of the other spouse, that will automatically and immediately take effect by law and must be so reflected by the registrar and transfer agent of the corporation; or b) if neither spouse makes such a request, then divorce will automatically convert this type of ownership in co-op shares into a joint tenancy.
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