(1) If any
person transfers his or her property to another person pursuant to
Section 414, his or her ownership in that property shall cease to
exist from the date of such transfer and the transferee shall have
ownership in such property.
(2) Notwithstanding anything contained in sub-section (1),
if a person transfers the right in his or her property to be effective
with testament, the transferee shall have ownership in such property
only after the death of the transferor.
(3) If two or more persons acquire the same property, they
shall have that much entitlement to such property in proportion to
their respective portion.
(4) If a deed does not indicate the portion to which a
person is entitled on the acquisition of a property, all the persons
acquiring the property shall be deemed to have acquired it equally.