Legal Definitions - make purpart

To make purpart means to formally divide and distribute property that was previously owned jointly by multiple parties, so that each party receives their individual share.

Here are some examples to illustrate this concept:

• Imagine three siblings who inherited a large, undeveloped piece of land from their parents. Initially, they all owned the entire property together. If they decide to make purpart, they would legally divide the large parcel into three distinct, smaller plots, with each sibling becoming the sole owner of one specific plot. This action formally separates their common ownership into individual, exclusive ownerships.

• Consider two business partners who jointly own a commercial building and a fleet of company vehicles. When they decide to dissolve their partnership, they must make purpart of these assets. This could involve one partner taking sole ownership of the building while the other takes the vehicles, or they might sell all assets and divide the proceeds according to their agreed-upon shares. The key is the formal division and allocation of previously shared property.

• A group of friends jointly purchased a large rural estate with several cabins and extensive acreage for recreational use. After many years, they decide to go their separate ways and no longer wish to own the property in common. To make purpart, they might legally subdivide the estate, assigning specific cabins and a portion of the land to each friend, or they could sell the entire estate and formally divide the sale proceeds among themselves. In either scenario, the jointly held property is being formally divided and apportioned.