Home / Money / Personal Finance /  Who is a coparcener?

As per the Hindu Succession Act, 1956, any individual born in a Hindu Undivided Family (HUF) becomes a coparcener by birth. Both sons and daughters are coparceners in the family and share equal rights and liabilities over the property. A daughter remains coparcener even after marriage and her children become coparceners in her share after her death.

With every birth in the family, the proportionate share of a coparcener decreases and with every death in the family, the proportionate share increases.

A coparcener is not the same as a member of the HUF. All coparceners are members but all members may not be coparceners. A wife or husband of the coparcener is a member but not a coparcener in that family. Also, only coparceners can ask for the partition of the property.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

Trending Stocks

Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout