Uniform Partition of Heirs Property Act.

HB 976 enacts the Uniform Partition of Heirs Property Act, establishing specific procedures for dividing or selling real property commonly owned by relatives, referred to as "heirs property." This bill affects cotenants involved in partition proceedings for such property. It requires courts to first determine if the property qualifies as heirs property and then mandates a fair market value appraisal. A key provision allows cotenants who wish to retain the property to buy out the interests of those who requested a sale, based on the determined value.