partition

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partition

The division of real property into separate parcels for joint owners who no longer wish to own the property together.If possible,a court must physically divide the property into shares of equal value and quality.If not possible,the court will order a sale of the property with the proceeds to be split among the owners.Partition actions are encountered most often when an owner of real property dies without a will but with several heirs.If they cannot agree on a disposition of the property, it will be partitioned. In the alternative, investors will often buy an undivided interest from a minority heir for very little money and then petition a court for partition.Usually the investor will be able to buy the property at the partition auction, because none of the other owners can afford to purchase the whole.The strategy is not intended to obtain a bargain price for property,because the court will usually order an appraisal and prohibit any owner from buying at a price less than the appraised value. Rather, the practice is intended to force property onto the market even though some or most of the other owners have no desire to sell.

References in periodicals archive ?
In an IP SAN, client server data is backed up to logical volumes presented by the storage provisioning appliance.
With advanced IP SAN that utilize multiple, active-active storage controllers (as is the case of the IP5000) exchange databases and log files can be distributed on different logical volumes and the access to these volumes are handled by the different storage controllers in the cluster.
Company Responds to Appetite for Very Large Logical Volumes (up to 1 Petabyte) as Physical Disk Drive Capacities Get Bigger and Datasets Expand
OneCommand Vision now adds a portfolio of options to meet the diverse needs of customers and also extends support to include host-centric and SAN-attached storage connected via iSCSI, Direct Attached Storage (DAS) and Logical Volumes presented to servers.
Copies the contents of a designated storage array (or individual drive) to the unit that will replace it while applications continue to use the logical volumes.
The decoupling of physical storage from logical volumes makes these normally disruptive activities transparent to hosts.
A total of 256 logical volumes can be added to the iSCSI Subsystem.
The iSCSI V-Switch provides iSCSI--networked hosts with secure and trusted access to a variety of logical volumes residing on diverse storage systems within a SAN architecture.