Article 253. Possession, use and disposal of jointly owned property.

1. Participants in joint ownership, unless otherwise provided by agreement between them, jointly own and use common property. 2. The disposal of jointly-owned property is carried out with the consent of all the participants, which is assumed regardless of which of the participants makes the property disposal transaction. 3. Each of the participants in joint ownership shall have the right to conclude transactions for the disposal of common property, unless otherwise following from the agreement of all participants. A transaction made by one of the participants in joint ownership related to the disposal of common property may be invalidated at the request of the other participants on the grounds that the participant who made the transaction does not have the necessary authority only if it is proved that the other party knew or knew know about it. 4. The rules of this Article shall apply to the extent that, for certain types of joint ownership, this Code or other laws do not provide otherwise.

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References to other articles of chapter 16. Shared ownership:
Article 244. The concept and grounds for the emergence of common property.
Article 245. Determination of shares in the right of shared ownership.
Article 246. Disposition of property in common ownership.
Article 247. Possession and use of property in common ownership.
Article 248. The fruits, products and income from the use of property in common ownership.
Article 249. Expenditures for the maintenance of property in common ownership.
Article 250. Preemptive right of purchase.
Article 251. The moment of transfer of a share in the right of common ownership to the acquirer under the contract.
Article 252. The division of property in common ownership and the separation from it of a share.
Article 254. The division of jointly owned property and the separation of a share from it.
Article 255. Claim on share in common property.
Article 256. The common property of spouses.
Article 257. Property of a Peasant (Farm) Economy
Article 258. The division of property of a peasant (farm) economy.
Article 259. Property of an economic partnership or a peasant (farm) economy.