Article 244. The concept and grounds for the emergence of common property.
1. Property owned by two or more persons belongs to them by the right of common ownership. 2. The property may be in common ownership with the definition of the share of each of the owners in the right of ownership (shared ownership) or without the definition of such shares (joint ownership). 3. Shared ownership of property is shared, unless the law provides for the formation of joint ownership of this property. 4. Common property arises when property is acquired by two or several persons, which cannot be divided without changing its purpose (indivisible things) or is not subject to division by virtue of the law. Common ownership of the property being divided arises in cases provided for by law or by contract. 5. By agreement of the participants in joint ownership, and if no agreement is reached by a court decision, the share ownership of these persons may be established on the common property.
References to other articles of chapter 16. Shared ownership: