Co-ownership

(1) When any land or interest in land is disposed to two or more persons in their own right, such persons shall, for the purposes of this Act, be deemed to be the joint owners of such land or interest unless words of severance are used, but such disposition shall operate to pass only such interests as are provided for in this section to section 107. 1925, c 18. 67 (2) Except as provided by the Settled Land Act, any land disposed to two or more persons shall be held on an expressed or implied trust for sale, whether such persons are joint owners or owners in common, and the trustees for sale shall be registered as the proprietors of the land.