Statement of ownership of property

(1) Where, in any document in any proceeding under this Act, it is necessary to state the ownership of any property whatever, whether real or personal, which belongs to or is in the possession of more than one person, it shall be sufficient to name one of those persons, and to state the property to belong to the person so named and another or others, as the case may be. (2) Where in the document it is necessary to mention for any purpose whatever any partners or other joint owners or possessors, it shall be sufficient to describe them in manner aforesaid. (3) The provisions of this section shall be construed to extend to all joint stock companies and associations, societies and trustees.