Sec. 52-501. Sale of building and land owned by different parties. Disposition of proceeds. - Connecticut Statutes

      Sec. 52-501. Sale of building and land owned by different parties. Disposition of proceeds. (a) The Superior Court may, upon petition of any person interested, order the sale of any building and the land upon which it stands, if the title to the land is in one or more persons and has been acquired under the statute of distribution as ancestral estate of the decedent, and the title to the building, erected by the decedent in his lifetime, is in another person or other persons and has been acquired under the statute of distribution, provided the court shall find that the building has materially added to the value of the property over and above the value of the land alone, and that the respective owners are unable to agree upon the purchase, by one from the other, of the land or building.

      (b) The court may determine the quantity of land that may be sold with the building in order to promote and preserve the respective interests of the owners.

      (c) The court shall, after the sale, determine the value of the land sold, and from the proceeds of the sale there shall be paid to the owner of the land the full value thereof as found by the court. The remainder of the proceeds shall, after the payment of the costs therefrom, be paid to the owner of the building.

      (1949 Rev., S. 8237; P.A. 82-160, S. 191.)

      History: P.A. 82-160 rephrased the section and inserted Subsec. indicators.

      Cited. 5 CA 142.

      Cited. 29 CS 465.